Suntrust Banks Inc. lowered its stake in Weyerhaeuser Company (NYSE:WY) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,837 shares of the real estate investment trust’s stock after selling 433 shares during the quarter. Suntrust Banks Inc.’s holdings in Weyerhaeuser were worth $5,017,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WY. Russell Investments Group Ltd. increased its stake in shares of Weyerhaeuser by 30.3% in the 1st quarter. Russell Investments Group Ltd. now owns 132,617 shares of the real estate investment trust’s stock valued at $4,506,000 after acquiring an additional 30,858 shares in the last quarter. Wellington Shields Capital Management LLC increased its stake in shares of Weyerhaeuser by 2.4% in the 1st quarter. Wellington Shields Capital Management LLC now owns 69,293 shares of the real estate investment trust’s stock valued at $2,355,000 after acquiring an additional 1,600 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Weyerhaeuser by 10.9% in the 1st quarter. Bank of New York Mellon Corp now owns 8,266,685 shares of the real estate investment trust’s stock valued at $280,902,000 after acquiring an additional 809,668 shares in the last quarter. AMG Funds LLC increased its stake in shares of Weyerhaeuser by 0.7% in the 1st quarter. AMG Funds LLC now owns 47,418 shares of the real estate investment trust’s stock valued at $1,611,000 after acquiring an additional 323 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Weyerhaeuser by 577.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 470,556 shares of the real estate investment trust’s stock valued at $15,989,000 after acquiring an additional 401,136 shares in the last quarter. Institutional investors own 75.23% of the company’s stock.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a $0.31 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.69%. Weyerhaeuser’s dividend payout ratio (DPR) is 97.64%.

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Several analysts have recently weighed in on the stock. JMP Securities lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research note on Monday, August 14th. TheStreet lowered shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.25.

Weyerhaeuser 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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