Gotham Asset Management LLC lowered its holdings in Weyerhaeuser Company (NYSE:WY) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,274 shares of the real estate investment trust’s stock after selling 3,241 shares during the quarter. Gotham Asset Management LLC’s holdings in Weyerhaeuser were worth $3,359,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of WY. Barnett & Company Inc. bought a new stake in Weyerhaeuser during the second quarter worth about $101,000. Dupont Capital Management Corp bought a new stake in Weyerhaeuser during the second quarter worth about $109,000. Alexandria Capital LLC grew its stake in Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC grew its stake in Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Weyerhaeuser by 137.1% during the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,400 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.
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Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’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.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 97.64%.
Several analysts have weighed in on the stock. JMP Securities cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a research note on Monday, August 14th. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.25.
Weyerhaeuser Company Profile
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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