Commerzbank Aktiengesellschaft FI acquired a new stake in Weyerhaeuser Company (NYSE:WY) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,076 shares of the real estate investment trust’s stock, valued at approximately $1,092,000.
A number of other large investors have also added to or reduced their stakes in WY. Barnett & Company Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter valued at about $101,000. Dupont Capital Management Corp acquired a new stake in shares of Weyerhaeuser during the second quarter valued at about $109,000. Alexandria Capital LLC boosted its stake in shares of Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 12 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Weyerhaeuser by 2.7% during the second quarter. Parkside Financial Bank & Trust now owns 4,356 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 115 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in shares of Weyerhaeuser by 0.4% during the second quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 19 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on WY shares. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $28.58 to $36.00 in a research note on Monday, August 14th. Argus lifted their price target on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target on the stock. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $37.20.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $0.30 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. research analysts predict that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 261.22%.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total value of $1,640,941.08. The disclosure for this sale can be found here. Insiders have sold 296,623 shares of company stock valued at $10,452,392 over the last 90 days. 1.20% of the stock is owned by corporate insiders.
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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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