UBS Asset Management Americas Inc. increased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,228,584 shares of the real estate investment trust’s stock after acquiring an additional 7,139 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.30% of Weyerhaeuser worth $78,580,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of WY. Dimensional Fund Advisors LP boosted its position in Weyerhaeuser by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock worth $10,906,000 after acquiring an additional 14,267 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Weyerhaeuser by 3.0% during the third quarter. Mutual of America Capital Management LLC now owns 114,240 shares of the real estate investment trust’s stock worth $3,888,000 after purchasing an additional 3,319 shares during the period. Hamlin Capital Management LLC raised its stake in Weyerhaeuser by 1.3% during the third quarter. Hamlin Capital Management LLC now owns 2,386,211 shares of the real estate investment trust’s stock worth $81,203,000 after purchasing an additional 29,597 shares during the period. Xact Kapitalforvaltning AB raised its stake in Weyerhaeuser by 1.6% during the third quarter. Xact Kapitalforvaltning AB now owns 133,255 shares of the real estate investment trust’s stock worth $4,535,000 after purchasing an additional 2,040 shares during the period. Finally, OLD Point Trust & Financial Services N A raised its stake in Weyerhaeuser by 13.2% during the third quarter. OLD Point Trust & Financial Services N A now owns 72,780 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 8,500 shares during the period. Hedge funds and other institutional investors own 74.53% of the company’s stock.
WY has been the topic of a number of analyst reports. Argus lifted their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Saturday, January 6th. Finally, Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $37.44.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. Weyerhaeuser’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. sell-side analysts anticipate that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio (DPR) is 166.24%.
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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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