Armor Investment Advisors LLC lessened its stake in Weyerhaeuser Company (NYSE:WY) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,968 shares of the real estate investment trust’s stock after selling 460 shares during the period. Armor Investment Advisors LLC’s holdings in Weyerhaeuser were worth $769,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barnett & Company Inc. bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at about $101,000. First Personal Financial Services grew its position 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 last quarter. Dupont Capital Management Corp bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at about $109,000. Alexandria Capital LLC grew its position 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 last quarter. Finally, Gemmer Asset Management LLC boosted its position in shares of Weyerhaeuser by 0.5% during 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 purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
Weyerhaeuser Company (WY) opened at 33.58 on Friday. The company has a market cap of $25.28 billion, a price-to-earnings ratio of 26.40 and a beta of 1.39. The firm has a 50-day moving average price of $32.38 and a 200 day moving average price of $33.26. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. Equities analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.69%. Weyerhaeuser’s payout ratio is 97.64%.
Several brokerages recently commented on WY. BMO Capital Markets restated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Friday, June 23rd. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their target price for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.25.
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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