Potlatch Co. (NASDAQ:PCH) CFO Jerald W. Richards sold 4,765 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $54.42, for a total value of $259,311.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Potlatch Co. (PCH) opened at $51.95 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.28 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $2,223.51, a PE ratio of 22.53, a PEG ratio of 3.69 and a beta of 1.39. Potlatch Co. has a 1-year low of $42.80 and a 1-year high of $56.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Tuesday, March 6th. Potlatch’s dividend payout ratio is presently 76.19%.
PCH has been the topic of several recent analyst reports. Zacks Investment Research lowered Potlatch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. DA Davidson upped their target price on Potlatch to $47.00 and gave the company an “underperform” rating in a research report on Tuesday, October 24th. BidaskClub raised Potlatch from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. UBS Group raised Potlatch from a “market perform” rating to an “outperform” rating in a research report on Monday, January 8th. Finally, Raymond James Financial raised Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Monday, January 8th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $51.17.
TRADEMARK VIOLATION WARNING: “Insider Selling: Potlatch Co. (PCH) CFO Sells 4,765 Shares of Stock” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2018/02/21/insider-selling-potlatch-co-pch-cfo-sells-4765-shares-of-stock.html.
Potlatch Company Profile
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.
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.