Weyerhaeuser Company (WY) Stake Lowered by Uniplan Investment Counsel Inc.
Uniplan Investment Counsel Inc. reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 2.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,773,631 shares of the real estate investment trust’s stock after selling 43,235 shares during the quarter. Weyerhaeuser comprises approximately 2.5% of Uniplan Investment Counsel Inc.’s holdings, making the stock its 7th largest holding. Uniplan Investment Counsel Inc. owned 0.23% of Weyerhaeuser worth $60,356,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barnett & Company Inc. purchased a new stake in Weyerhaeuser during the 2nd quarter valued at $101,000. Dupont Capital Management Corp purchased a new stake in Weyerhaeuser during the 2nd quarter valued at $109,000. Alexandria Capital LLC raised its holdings in Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the period. Gemmer Asset Management LLC raised its holdings in Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Weyerhaeuser by 2.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,356 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the sale, the insider now owns 98,973 shares in the company, valued at $3,574,904.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rick R. Holley sold 227,341 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,623 shares of company stock worth $10,452,392. Insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (NYSE WY) traded up $0.06 during mid-day trading on Wednesday, reaching $35.19. The company’s stock had a trading volume of 1,876,700 shares, compared to its average volume of 3,328,864. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser Company has a twelve month low of $29.81 and a twelve month high of $36.92. The stock has a market capitalization of $26,500.00, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 5.99 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. equities research analysts forecast that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.64%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 261.22%.
Several research firms recently weighed in on WY. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Monday, August 14th. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Stephens began coverage on Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.20.
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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