The VP Real Estate of Potlatch Corp (NASDAQ: PCH) is Selling Shares

By Carrie Williams

Yesterday, the VP Real Estate of Potlatch Corp (NASDAQ: PCH), William Dereu, sold shares of PCH for $247.8K.

In addition to William Dereu, one other PCH executive reported Sell trades in the last month.

Based on Potlatch Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $190 million and quarterly net profit of $33.7 million. In comparison, last year the company earned revenue of $174 million and had a net profit of $27.65 million. The company has a one-year high of $56.35 and a one-year low of $38.35. PCH’s market cap is $2.13B and the company has a P/E ratio of 24.22.

One of the top 25 analysts, according to TipRanks.com, recently recommended Hold PCH with a $50 price target. Based on 4 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $46.33, reflecting a 13.4% upside. Four different firms, including Merrill Lynch and D.A. Davidson, currently also have a Sell rating on the stock.

The insider sentiment on Potlatch Corp has been negative according to 19 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Potlatch Corp. is as a real estate investment trust, which owns and manages acres of timberlands. It operates through the following segments: Resource, Wood Products, and Real Estate. The Resource segment includes planting and harvesting trees; building and maintaining roads; hunting leases; recreation permits; biomass production; and carbon sequestration.