Entropy Technologies LP Buys Shares of 12,138 Potlatch Corporation (NASDAQ:PCH)

Key Points

• Entropy Technologies LP has acquired 12,138 shares of Potlatch Corporation, valued at approximately $548,000, indicating growing institutional interest in the real estate investment trust.
• Potlatch recently reported earnings of $0.09 EPS for the quarter, exceeding expectations, but experienced a 14.2% decline in revenue year-over-year.
• Wall Street analysts have mixed views on Potlatch, with one upgrading the stock to a "buy" rating and others issuing a "sell" recommendation, resulting in a consensus rating of "Moderate Buy".

Entropy Technologies LP bought a new stake in Potlatch Corporation (NASDAQ:PCH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,138 shares of the real estate investment trust's stock, valued at approximately $548,000.

Several other institutional investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. lifted its stake in Potlatch by 12.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock valued at $94,360,000 after acquiring an additional 260,674 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Potlatch by 17.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock worth $92,623,000 after purchasing an additional 351,777 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Potlatch by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,560,123 shares of the real estate investment trust's stock worth $70,393,000 after purchasing an additional 17,352 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Potlatch by 1.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,413,351 shares of the real estate investment trust's stock worth $55,474,000 after purchasing an additional 19,521 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Potlatch by 8.7% during the 4th quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust's stock worth $48,405,000 after purchasing an additional 98,914 shares during the last quarter. Institutional investors own 86.06% of the company's stock.

Potlatch Stock Performance

PCH traded down $0.82 during trading on Friday, hitting $42.96. The stock had a trading volume of 554,281 shares, compared to its average volume of 604,350. The company has a 50 day moving average price of $40.62 and a 200-day moving average price of $41.53. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 81.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12.

Potlatch (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The business had revenue of $274.99 million during the quarter, compared to analysts' expectations of $267.66 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. Potlatch's revenue was down 14.2% compared to the same quarter last year. As a group, research analysts predict that Potlatch Corporation will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial raised Potlatch from a "hold" rating to a "buy" rating and boosted their price target for the stock from $44.00 to $52.00 in a research report on Wednesday, July 16th. Wall Street Zen lowered Potlatch from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Finally, Citigroup reissued a "buy" rating and set a $47.00 target price (down from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.00.

Potlatch Company Profile

PotlatchDeltic Corporation Nasdaq: PCH is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.