Putnam FL Investment Management Co. purchased a new position in shares of Weyerhaeuser Company (NYSE:WY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,970 shares of the real estate investment trust’s stock, valued at approximately $577,000.

Several other hedge funds have also modified their holdings of WY. American Century Companies Inc. raised its position in shares of Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares during the last quarter. Pegasus Partners Ltd. raised its position in shares of Weyerhaeuser by 153.0% during the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after purchasing an additional 92,021 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Weyerhaeuser by 7.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 27,029 shares during the last quarter. Trust Co. of Vermont raised its position in shares of Weyerhaeuser by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after purchasing an additional 3,231 shares during the last quarter. Finally, Van Cleef Asset Management Inc raised its position in shares of Weyerhaeuser by 1.1% during the 2nd quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after purchasing an additional 2,358 shares during the last quarter. 75.80% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Company (NYSE WY) traded down $0.27 during trading hours on Friday, hitting $36.28. 2,395,746 shares of the company were exchanged, compared to its average volume of 3,363,675. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The stock has a market cap of $27,590.00, a PE ratio of 36.94, a P/E/G ratio of 6.18 and a beta of 1.46. Weyerhaeuser Company has a 1 year low of $29.81 and a 1 year high of $36.92.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. equities analysts predict that Weyerhaeuser Company will post 1.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.53%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 253.06%.

WY has been the subject of several research analyst reports. The Goldman Sachs Group, Inc. downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a report on Monday, August 14th. Finally, BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $37.20.

In other news, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

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About Weyerhaeuser

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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