Sandy Spring Bank reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 21.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,350 shares of the real estate investment trust’s stock after selling 2,274 shares during the period. Sandy Spring Bank owned about 1,106.21% of Weyerhaeuser worth $285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barnett & Company Inc. bought a new position in Weyerhaeuser during the second quarter valued at approximately $101,000. Dupont Capital Management Corp bought a new position in Weyerhaeuser during the second quarter valued at approximately $109,000. Alexandria Capital LLC grew its position in 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 acquiring an additional 12 shares during the last quarter. Gemmer Asset Management LLC grew its position in Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 20 shares during the last quarter. Finally, First Command Bank grew its position in Weyerhaeuser by 73.1% during the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,765 shares during the last quarter. Institutional investors and hedge funds own 75.16% of the company’s stock.

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Weyerhaeuser Company (NYSE WY) traded down $0.13 during trading hours on Friday, reaching $36.14. 3,026,428 shares of the company traded hands, compared to its average volume of 2,871,338. The company has a market capitalization of $27,377.66, a PE ratio of 37.01, a P/E/G ratio of 6.19 and a beta of 1.46. Weyerhaeuser Company has a twelve month low of $28.62 and a twelve month high of $36.48. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s payout ratio is 108.77%.

Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday. Argus raised their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. JMP Securities cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a report on Monday, August 14th. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. Finally, BidaskClub cut 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 company currently has an average rating of “Hold” and an average target price of $37.20.

In related news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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