Scotia Capital Inc. reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,349 shares of the real estate investment trust’s stock after selling 609 shares during the quarter. Scotia Capital Inc.’s holdings in Weyerhaeuser were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wafra Investment Advisory Group Inc. NY lifted its position in shares of Weyerhaeuser by 7.8% during the second quarter. Wafra Investment Advisory Group Inc. NY now owns 469,710 shares of the real estate investment trust’s stock worth $15,735,000 after purchasing an additional 33,874 shares in the last quarter. Rowland & Co. Investment Counsel ADV lifted its position in shares of Weyerhaeuser by 9.5% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 158,764 shares of the real estate investment trust’s stock worth $5,328,000 after purchasing an additional 13,822 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Weyerhaeuser by 7.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 289,169 shares of the real estate investment trust’s stock worth $9,687,000 after purchasing an additional 20,595 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of Weyerhaeuser by 0.7% during the second quarter. Laurel Wealth Advisors Inc. now owns 39,387 shares of the real estate investment trust’s stock worth $1,319,000 after purchasing an additional 276 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Weyerhaeuser during the second quarter worth $293,000. Institutional investors own 75.23% of the company’s stock.

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A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research report on Monday, September 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $37.25.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 34.8325 on Monday. The firm has a market capitalization of $26.23 billion, a PE ratio of 27.3840 and a beta of 1.39. The company has a 50-day moving average of $33.45 and a 200 day moving average of $33.34. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. On average, analysts predict that Weyerhaeuser Company will post $1.06 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.55%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 97.64%.

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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