Columbia Partners L L C Investment Management acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,029 shares of the real estate investment trust’s stock, valued at approximately $1,876,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Financial Advantage Inc. grew its holdings in Weyerhaeuser by 1.2% during the second quarter. Financial Advantage Inc. now owns 95,276 shares of the real estate investment trust’s stock valued at $3,191,000 after purchasing an additional 1,163 shares during the period. Profund Advisors LLC grew its holdings in Weyerhaeuser by 18.6% during the second quarter. Profund Advisors LLC now owns 45,767 shares of the real estate investment trust’s stock valued at $1,533,000 after purchasing an additional 7,184 shares during the period. BT Investment Management Ltd bought a new position in Weyerhaeuser during the second quarter valued at $1,652,000. Amalgamated Bank grew its holdings in Weyerhaeuser by 61.3% during the second quarter. Amalgamated Bank now owns 84,162 shares of the real estate investment trust’s stock valued at $2,819,000 after purchasing an additional 31,972 shares during the period. Finally, Nicholas Company Inc. grew its holdings in Weyerhaeuser by 10.7% during the second quarter. Nicholas Company Inc. now owns 327,280 shares of the real estate investment trust’s stock valued at $10,963,000 after purchasing an additional 31,660 shares during the period. 75.23% of the stock is owned by institutional investors and hedge funds.
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Weyerhaeuser Company (WY) traded down 0.03% during trading on Tuesday, hitting $33.36. The stock had a trading volume of 330,503 shares. The company has a 50-day moving average price of $32.37 and a 200-day moving average price of $33.26. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The company has a market cap of $25.12 billion, a price-to-earnings ratio of 26.23 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities research analysts forecast that Weyerhaeuser Company will post $1.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 97.64%.
A number of equities analysts have recently commented on WY shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Monday, September 4th. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.00.
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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