Milestone Group Inc. maintained its position in Weyerhaeuser Company (NYSE:WY) during the first quarter, Holdings Channel reports. The firm owned 18,400 shares of the real estate investment trust’s stock at the end of the first quarter. Milestone Group Inc.’s holdings in Weyerhaeuser Company were worth $625,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Weyerhaeuser Company during the fourth quarter worth approximately $3,087,000. Bessemer Group Inc. increased its position in Weyerhaeuser Company by 62.6% in the fourth quarter. Bessemer Group Inc. now owns 11,583 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 4,461 shares during the period. Cipher Capital LP purchased a new position in Weyerhaeuser Company during the fourth quarter worth approximately $1,361,000. Farr Miller & Washington LLC DC increased its position in Weyerhaeuser Company by 1.8% in the fourth quarter. Farr Miller & Washington LLC DC now owns 55,894 shares of the real estate investment trust’s stock worth $1,682,000 after buying an additional 1,012 shares during the period. Finally, Prudential PLC increased its position in Weyerhaeuser Company by 6.5% in the fourth quarter. Prudential PLC now owns 297,390 shares of the real estate investment trust’s stock worth $8,948,000 after buying an additional 18,192 shares during the period. Institutional investors and hedge funds own 77.38% of the company’s stock.

Institutional Ownership by Quarter for Weyerhaeuser Company (NYSE:WY)

Weyerhaeuser Company (NYSE:WY) opened at 33.66 on Friday. The firm has a 50-day moving average price of $33.26 and a 200-day moving average price of $32.74. The firm has a market capitalization of $25.31 billion, a P/E ratio of 23.07 and a beta of 1.46. Weyerhaeuser Company has a 52 week low of $26.55 and a 52 week high of $35.50.

Weyerhaeuser Company (NYSE:WY) last posted its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser Company had a net margin of 16.58% and a return on equity of 6.22%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Equities analysts forecast that Weyerhaeuser Company will post $1.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, June 7th. Weyerhaeuser Company’s dividend payout ratio (DPR) is presently 85.52%.

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A number of equities analysts recently commented on WY shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of Weyerhaeuser Company in a research note on Tuesday, March 14th. Zacks Investment Research upgraded Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser Company in a research note on Wednesday, April 12th. Citigroup Inc. reiterated a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Weyerhaeuser Company in a research note on Saturday, April 22nd. Finally, ValuEngine upgraded Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $36.88.

In related news, Director Rick R. Holley sold 6,687 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total value of $234,045.00. Following the completion of the transaction, the director now owns 557,707 shares of the company’s stock, valued at $19,519,745. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rick R. Holley sold 33,416 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the completion of the transaction, the director now directly owns 571,036 shares of the company’s stock, valued at approximately $20,106,177.56. The disclosure for this sale can be found here. Insiders sold 220,659 shares of company stock valued at $7,742,721 in the last three months. Company insiders own 1.30% of the company’s stock.

Weyerhaeuser Company 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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