Wells Fargo & Company MN Has $9.63 Million Holdings in Potlatch Co. (PCH)

Cornelia Mascio
Gennaio 20, 2018

The original version of this piece can be read at https://registrarjournal.com/2018/01/20/west-coast-financial-llc-sells-3210-shares-of-potlatch-co-pch.html. (NASDAQ:PCH) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). BlackRock Fund Advisors now owns 2,669,414 shares of the real estate investment trust's stock worth $103,814,000 after buying an additional 211,774 shares during the last quarter.

Other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in Potlatch by 4.3% during the second quarter. The brokerage now has a $54.00 price objective on the real estate investment trust's stock. Hahn Capital Management Llc, a California-based fund reported 327,036 shares. Legal & General Group Plc now owns 31,821 shares of the real estate investment trust's stock worth $1,454,000 after acquiring an additional 5,606 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Potlatch during the 3rd quarter worth approximately $142,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Potlatch in the third quarter valued at approximately $206,000.

Some stock market investors may abide to the saying, nothing ventured nothing gained. The stock was sold at an average price of $52.50, for a total transaction of $247,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Pictet Asset Management Ltd. now owns 1,558,466 shares of the real estate investment trust's stock worth $53,269,000 after buying an additional 42,673 shares during the last quarter. The stock is a Buy among 0 brokerage firms polled by Factset Research. Bank of America upped their price objective on shares of Potlatch from $50.00 to $54.00 and gave the company an underperform rating in a report on Wednesday, October 25th. Zacks Investment Research raised Potlatch from a "hold" rating to a "strong-buy" rating and set a $59.00 price objective for the company in a research note on Thursday, October 26th.

Potlatch (NASDAQ:PCH) was upgraded by stock analysts at BidaskClub from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Thursday, January 4th. Finally, UBS Group upgraded Potlatch from a "market perform" rating to an "outperform" rating in a research note on Monday, January 8th. The forecast of 1 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Potlatch presently has an average rating of "Hold" and a consensus target price of $49.67.

Potlatch (NASDAQ PCH) opened at $51.85 on Tuesday. The volume of 0.22 Million shares climbed down over an trading activity of 262.58 Million shares. Potlatch has a 12 month low of $39.05 and a 12 month high of $56.35. The company has a market cap of $2,130.00, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.77 and a beta of 1.44. Potlatch Co. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.17 and a quick ratio of 1.72.

Potlatch (NASDAQ:PCH) last released its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Potlatch had a return on equity of 54.42% and a net margin of 13.54%. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. sell-side analysts anticipate that Potlatch will post 2.39 EPS for the current year. Investors of record on Friday, December 8th were given a dividend of $0.40 per share. After having $0.94 EPS previously, Potlatch Corporation's analysts see -37.23 % EPS growth.

Tracking other technical indicators, the 14-day RSI is presently standing at 26.38, the 7-day sits at 22.10, and the 3-day is resting at 99.80 for Texas Gulf Energy Inc (TXGE). The ex-dividend date was Friday, December 9th. Also Globenewswire.com published the news titled: "Potlatch Announces Tax Treatment for 2017 Dividend Distributions" on January 12, 2018.

TRADEMARK VIOLATION WARNING: "Wells Fargo & Company MN Has $9.63 Million Holdings in Potlatch Co".

PCH has been the subject of several recent analyst reports.

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