Family Management Corp lifted its position in Weyerhaeuser Co (NYSE:WY) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,585 shares of the real estate investment trust’s stock after buying an additional 4,977 shares during the period. Family Management Corp’s holdings in Weyerhaeuser were worth $1,912,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of WY. NEXT Financial Group Inc raised its stake in shares of Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 789 shares during the last quarter. Strategic Wealth Partners Ltd. grew its holdings in Weyerhaeuser by 24.7% in the second quarter. Strategic Wealth Partners Ltd. now owns 2,320 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 460 shares during the last quarter. SG3 Management LLC acquired a new stake in Weyerhaeuser in the first quarter valued at $105,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Weyerhaeuser by 109.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,368 shares of the real estate investment trust’s stock valued at $2,091,000 after purchasing an additional 41,532 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new stake in Weyerhaeuser in the first quarter valued at $29,000. 76.98% of the stock is currently owned by institutional investors.
Shares of Weyerhaeuser stock traded down $0.14 on Friday, reaching $27.65. 9,766 shares of the company were exchanged, compared to its average volume of 3,226,566. The stock has a fifty day moving average price of $25.87 and a 200-day moving average price of $25.61. The firm has a market capitalization of $20.70 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 9.72 and a beta of 1.67. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Weyerhaeuser Co has a fifty-two week low of $20.52 and a fifty-two week high of $33.84.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.34 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.36 annualized dividend and a yield of 4.92%. Weyerhaeuser’s dividend payout ratio (DPR) is 115.25%.
Separately, ValuEngine lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $33.10.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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