Peapack Gladstone Financial Corp Has $399,000 Stake in Weyerhaeuser Co (NYSE:WY)

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Peapack Gladstone Financial Corp trimmed its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,181 shares of the real estate investment trust’s stock after selling 480 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Weyerhaeuser were worth $399,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Weyerhaeuser by 20.8% during the second quarter. Victory Capital Management Inc. now owns 154,808 shares of the real estate investment trust’s stock worth $4,078,000 after purchasing an additional 26,606 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Weyerhaeuser by 2.1% during the second quarter. UBS Asset Management Americas Inc. now owns 2,637,779 shares of the real estate investment trust’s stock worth $69,479,000 after purchasing an additional 53,288 shares during the period. CSat Investment Advisory L.P. lifted its stake in Weyerhaeuser by 198.7% during the second quarter. CSat Investment Advisory L.P. now owns 1,897 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,262 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Weyerhaeuser by 239.6% during the second quarter. Cubist Systematic Strategies LLC now owns 71,200 shares of the real estate investment trust’s stock worth $1,875,000 after purchasing an additional 50,235 shares during the period. Finally, Family Management Corp lifted its stake in Weyerhaeuser by 7.4% during the second quarter. Family Management Corp now owns 72,585 shares of the real estate investment trust’s stock worth $1,912,000 after purchasing an additional 4,977 shares during the period. 76.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser stock traded up $0.26 during midday trading on Wednesday, reaching $27.81. The company had a trading volume of 307,502 shares, compared to its average volume of 3,279,890. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 9.66 and a beta of 1.67. The stock has a fifty day simple moving average of $26.10 and a 200 day simple moving average of $25.68. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $33.17.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. During the same quarter last year, the business posted $0.44 earnings per share. Weyerhaeuser’s revenue for the quarter was down 20.4% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser Co will post 0.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Thursday, September 5th. Weyerhaeuser’s dividend payout ratio is presently 115.25%.

A number of research analysts have commented on the stock. ValuEngine cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. BMO Capital Markets set a $32.00 target price on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.10.

Weyerhaeuser Company Profile

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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