Potlatch (NASDAQ:PCH) Price Target Raised to $44.00 at Truist Financial

Potlatch (NASDAQ:PCHFree Report) had its price target increased by Truist Financial from $42.00 to $44.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Separately, Citigroup reissued a “buy” rating and issued a $47.00 price objective (down previously from $49.00) on shares of Potlatch in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.86.

Get Our Latest Stock Report on Potlatch

Potlatch Trading Down 0.2%

NASDAQ PCH opened at $40.59 on Friday. The firm has a 50 day simple moving average of $39.18 and a 200-day simple moving average of $41.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.04 and a current ratio of 1.43. Potlatch has a one year low of $36.82 and a one year high of $48.12. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 66.54 and a beta of 1.14.

Potlatch (NASDAQ:PCHGet Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Potlatch had a net margin of 4.35% and a return on equity of 2.36%. The business had revenue of $268.26 million during the quarter, compared to analyst estimates of $243.68 million. The company’s revenue was up 17.6% on a year-over-year basis. Equities research analysts anticipate that Potlatch will post 0.8 EPS for the current fiscal year.

Potlatch Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a yield of 4.43%. Potlatch’s dividend payout ratio is currently 295.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PCH. Norges Bank purchased a new position in Potlatch in the fourth quarter worth approximately $217,145,000. Deutsche Bank AG lifted its stake in Potlatch by 472.1% in the first quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust’s stock worth $40,980,000 after acquiring an additional 749,491 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Potlatch by 254.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 876,480 shares of the real estate investment trust’s stock worth $39,547,000 after acquiring an additional 629,334 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Potlatch in the first quarter worth approximately $19,176,000. Finally, Balyasny Asset Management L.P. lifted its stake in Potlatch by 256.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 567,371 shares of the real estate investment trust’s stock worth $22,269,000 after acquiring an additional 408,355 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Potlatch Company Profile

(Get Free Report)

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.

Further Reading

Analyst Recommendations for Potlatch (NASDAQ:PCH)

Receive News & Ratings for Potlatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch and related companies with MarketBeat.com's FREE daily email newsletter.