Coldstream Capital Management Inc. lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 186.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,108 shares of the real estate investment trust’s stock after buying an additional 16,349 shares during the period. Coldstream Capital Management Inc.’s holdings in Weyerhaeuser were worth $854,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Barnett & Company Inc. bought a new stake in Weyerhaeuser during the second quarter worth $101,000. Dupont Capital Management Corp bought a new stake in Weyerhaeuser during the second quarter worth $109,000. Parkside Financial Bank & Trust lifted its holdings in 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 worth $146,000 after acquiring an additional 115 shares during the period. Kistler Tiffany Companies LLC lifted its holdings in 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 worth $157,000 after acquiring an additional 19 shares during the period. Finally, Solaris Asset Management LLC lifted its holdings in Weyerhaeuser by 1.3% during the second quarter. Solaris Asset Management LLC now owns 5,145 shares of the real estate investment trust’s stock worth $172,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 74.80% of the company’s stock.
A number of brokerages recently commented on WY. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Monday, August 14th. Royal Bank of Canada reiterated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a report on Monday, September 4th. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One research 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 stock. The stock presently has an average rating of “Hold” and an average target price of $37.20.
Shares of Weyerhaeuser Company (NYSE WY) traded up $0.01 on Tuesday, hitting $35.44. The company’s stock had a trading volume of 2,124,500 shares, compared to its average volume of 3,308,285. The company has a market capitalization of $26,743.60, a price-to-earnings ratio of 36.15, a PEG ratio of 6.04 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser Company has a 52-week low of $29.81 and a 52-week high of $36.92.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. equities analysts forecast that Weyerhaeuser Company will post 1.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.61%. Weyerhaeuser’s payout ratio is presently 112.28%.
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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