News coverage about Potlatch (NASDAQ:PCH) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Potlatch earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 44.4706783902139 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Potlatch Co. (PCH) CEO Sells $5,046,878.39 in Stock (americanbankingnews.com)
- Danaher Raises Q1 View on Solid Prospects for Life Sciences (finance.yahoo.com)
- Insider Selling: Potlatch Co. (PCH) COO Sells 15,150 Shares of Stock (americanbankingnews.com)
- Potlatch Co. (PCH) Stake Raised by Swiss National Bank (americanbankingnews.com)
- Potlatch Co. (PCH) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
Potlatch (NASDAQ:PCH) opened at $50.55 on Friday. Potlatch has a 52-week low of $42.85 and a 52-week high of $56.35. The company has a market capitalization of $2,069.13, a price-to-earnings ratio of 24.07, a PEG ratio of 3.42 and a beta of 1.36. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.91 and a current ratio of 2.58.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 3.17%. Potlatch’s dividend payout ratio (DPR) is presently 76.19%.
PCH has been the subject of several research analyst reports. BidaskClub upgraded Potlatch from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Zacks Investment Research lowered Potlatch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. BMO Capital Markets raised their price target on Potlatch from $42.00 to $49.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. Raymond James Financial upgraded Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a research report on Monday, January 8th. Finally, Bank of America upgraded Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.17.
In related news, CEO Michael J. Covey sold 98,939 shares of Potlatch stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $51.01, for a total value of $5,046,878.39. Following the completion of the transaction, the chief executive officer now directly owns 211,523 shares in the company, valued at $10,789,788.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jerald W. Richards sold 4,765 shares of Potlatch stock in a transaction on Friday, February 16th. The shares were sold at an average price of $54.42, for a total value of $259,311.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,283 shares of company stock valued at $8,566,098. 1.52% of the stock is currently owned by company insiders.
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Potlatch Company Profile
PotlatchDeltic Corp, formerly 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.
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