Morse Asset Management Inc grew its holdings in Weyerhaeuser Co (NYSE:WY) by 67.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,475 shares of the real estate investment trust’s stock after acquiring an additional 18,775 shares during the quarter. Morse Asset Management Inc’s holdings in Weyerhaeuser were worth $1,287,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Weyerhaeuser by 12.4% during the second quarter. Vanguard Group Inc. now owns 107,715,183 shares of the real estate investment trust’s stock worth $2,837,219,000 after buying an additional 11,845,982 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Weyerhaeuser during the second quarter worth about $197,323,000. FMR LLC grew its holdings in shares of Weyerhaeuser by 336.8% during the first quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock worth $54,594,000 after buying an additional 1,598,165 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Weyerhaeuser during the second quarter worth about $28,920,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Weyerhaeuser by 748.8% during the second quarter. Renaissance Technologies LLC now owns 1,164,540 shares of the real estate investment trust’s stock worth $30,674,000 after buying an additional 1,027,340 shares in the last quarter. Institutional investors own 77.00% of the company’s stock.
NYSE WY traded down $0.09 during trading hours on Monday, hitting $29.54. 1,930,559 shares of the company traded hands, compared to its average volume of 4,317,481. The business’s 50-day moving average is $28.20 and its 200-day moving average is $26.16. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $30.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.22 and a current ratio of 1.55. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 25.03 and a beta of 1.66.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. Analysts predict that Weyerhaeuser Co will post 0.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.60%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.
A number of research analysts recently issued reports on WY shares. Bank of America set a $31.00 price objective on Weyerhaeuser and gave the stock a “hold” rating in a report on Friday, October 25th. ValuEngine upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Scotiabank set a $28.50 price objective on Weyerhaeuser and gave the stock a “hold” rating in a report on Friday, October 25th. BMO Capital Markets set a $32.00 price objective on Weyerhaeuser and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Weyerhaeuser in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Weyerhaeuser presently has an average rating of “Buy” and an average target price of $30.93.
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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