Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,953,265 shares of the real estate investment trust’s stock after acquiring an additional 40,637 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Weyerhaeuser worth $65,434,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Barnett & Company Inc. acquired a new stake in Weyerhaeuser during the 2nd quarter worth approximately $101,000. First Personal Financial Services lifted its holdings in shares of Weyerhaeuser by 90.7% in the 1st quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the period. Dupont Capital Management Corp acquired a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $109,000. Alexandria Capital LLC lifted its holdings in shares of Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the period. Finally, Gemmer Asset Management LLC lifted its holdings in shares of Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the period. 75.27% of the stock is owned by institutional investors.
WY has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a report on Monday, July 31st. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Tuesday, May 23rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $37.00.
Shares of Weyerhaeuser Company (NYSE WY) traded down 0.21% during trading on Friday, reaching $32.99. The company had a trading volume of 4,022,382 shares. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The stock’s 50-day moving average price is $32.36 and its 200-day moving average price is $33.28. The stock has a market capitalization of $24.84 billion, a PE ratio of 25.94 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share. Equities analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.31 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.76%. Weyerhaeuser’s dividend payout ratio (DPR) is 97.64%.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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