Renaissance Technologies LLC raised its position in Weyerhaeuser Co (NYSE:WY) by 748.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,164,540 shares of the real estate investment trust’s stock after purchasing an additional 1,027,340 shares during the quarter. Renaissance Technologies LLC owned 0.16% of Weyerhaeuser worth $30,674,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Cetera Advisor Networks LLC grew its stake in Weyerhaeuser by 18.3% during the second quarter. Cetera Advisor Networks LLC now owns 28,783 shares of the real estate investment trust’s stock worth $759,000 after purchasing an additional 4,444 shares during the period. Cetera Advisors LLC acquired a new stake in Weyerhaeuser during the second quarter worth approximately $612,000. First Allied Advisory Services Inc. acquired a new stake in Weyerhaeuser during the second quarter worth approximately $228,000. Fort Washington Investment Advisors Inc. OH grew its stake in Weyerhaeuser by 14.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 32,130 shares of the real estate investment trust’s stock worth $846,000 after purchasing an additional 4,100 shares during the period. Finally, Baker Ellis Asset Management LLC grew its stake in Weyerhaeuser by 25.4% during the second quarter. Baker Ellis Asset Management LLC now owns 65,780 shares of the real estate investment trust’s stock worth $1,733,000 after purchasing an additional 13,309 shares during the period. Hedge funds and other institutional investors own 77.13% of the company’s stock.
NYSE:WY traded down $0.46 on Friday, hitting $27.41. The stock had a trading volume of 3,794,311 shares, compared to its average volume of 3,157,022. The business’s fifty day moving average is $25.66 and its 200 day moving average is $25.55. The company has a market cap of $20.85 billion, a PE ratio of 23.23, a P/E/G ratio of 9.78 and a beta of 1.67. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $34.36.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was down 20.4% on a year-over-year basis. Equities analysts predict that Weyerhaeuser Co will post 0.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.96%. Weyerhaeuser’s dividend payout ratio is presently 115.25%.
Separately, ValuEngine cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Weyerhaeuser has an average rating of “Buy” and an average price target of $33.10.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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