Nisa Investment Advisors LLC grew its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 238,081 shares of the real estate investment trust’s stock after purchasing an additional 13,015 shares during the period. Nisa Investment Advisors LLC’s holdings in Weyerhaeuser were worth $7,683,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. FMR LLC boosted its position in shares of Weyerhaeuser by 9.1% during the 2nd quarter. FMR LLC now owns 566,568 shares of the real estate investment trust’s stock worth $20,657,000 after acquiring an additional 47,262 shares in the last quarter. Boston Common Asset Management LLC boosted its position in shares of Weyerhaeuser by 4.0% during the 2nd quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock worth $8,339,000 after acquiring an additional 8,850 shares in the last quarter. Securian Asset Management Inc boosted its position in shares of Weyerhaeuser by 1.6% during the 2nd quarter. Securian Asset Management Inc now owns 135,020 shares of the real estate investment trust’s stock worth $4,923,000 after acquiring an additional 2,126 shares in the last quarter. Game Creek Capital LP boosted its position in shares of Weyerhaeuser by 19.0% during the 2nd quarter. Game Creek Capital LP now owns 123,750 shares of the real estate investment trust’s stock worth $4,512,000 after acquiring an additional 19,750 shares in the last quarter. Finally, Orleans Capital Management Corp LA boosted its position in shares of Weyerhaeuser by 15.6% during the 2nd quarter. Orleans Capital Management Corp LA now owns 44,915 shares of the real estate investment trust’s stock worth $1,638,000 after acquiring an additional 6,070 shares in the last quarter. Hedge funds and other institutional investors own 76.33% of the company’s stock.
Shares of Weyerhaeuser stock opened at $28.54 on Friday. Weyerhaeuser Co has a fifty-two week low of $27.68 and a fifty-two week high of $38.39. The company has a current ratio of 2.18, a quick ratio of 1.77 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 3.58 and a beta of 1.38.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Weyerhaeuser had a net margin of 12.94% and a return on equity of 12.15%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser Co will post 1.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.36 dividend on an annualized basis and a yield of 4.77%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.32. Weyerhaeuser’s dividend payout ratio (DPR) is currently 118.26%.
Several analysts recently issued reports on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. ValuEngine lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $38.25.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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