Potlatch Corporation (PCH) Cut to “Hold” at BidaskClub

BidaskClub cut shares of Potlatch Corporation (NASDAQ:PCH) from a buy rating to a hold rating in a research note published on Friday morning.

PCH has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Potlatch Corporation from a sell rating to a hold rating and set a $56.00 price objective for the company in a research report on Friday, July 28th. Raymond James Financial, Inc. cut shares of Potlatch Corporation from an outperform rating to a market perform rating in a research note on Tuesday, June 27th. Vertical Research raised shares of Potlatch Corporation from a sell rating to a hold rating in a research note on Thursday, May 4th. Royal Bank Of Canada reissued a hold rating and set a $47.00 target price on shares of Potlatch Corporation in a research note on Monday, July 31st. Finally, BMO Capital Markets reissued a hold rating and set a $40.00 target price on shares of Potlatch Corporation in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $45.80.

Potlatch Corporation (NASDAQ:PCH) opened at 44.40 on Friday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 21.97 and a beta of 1.41. Potlatch Corporation has a 12 month low of $35.38 and a 12 month high of $49.00. The stock’s 50 day moving average price is $46.90 and its 200-day moving average price is $45.63.

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Hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Potlatch Corporation by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 73,429 shares of the real estate investment trust’s stock valued at $3,058,000 after buying an additional 1,568 shares during the period. Bank of Montreal Can boosted its stake in Potlatch Corporation by 792.7% in the first quarter. Bank of Montreal Can now owns 27,505 shares of the real estate investment trust’s stock valued at $1,258,000 after buying an additional 24,424 shares during the period. Louisiana State Employees Retirement System boosted its stake in Potlatch Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 200 shares during the period. State of Alaska Department of Revenue boosted its stake in Potlatch Corporation by 28.9% in the first quarter. State of Alaska Department of Revenue now owns 20,480 shares of the real estate investment trust’s stock valued at $935,000 after buying an additional 4,590 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in Potlatch Corporation by 3.1% in the first quarter. Nationwide Fund Advisors now owns 134,812 shares of the real estate investment trust’s stock valued at $6,161,000 after buying an additional 4,038 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

About Potlatch Corporation

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

Analyst Recommendations for Potlatch Corporation (NASDAQ:PCH)

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