BTR Capital Management Inc. Lowers Position in Weyerhaeuser Co. (WY)
BTR Capital Management Inc. lowered its position in shares of Weyerhaeuser Co. (NYSE:WY) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,225 shares of the real estate investment trust’s stock after selling 1,900 shares during the period. Weyerhaeuser accounts for about 1.5% of BTR Capital Management Inc.’s investment portfolio, making the stock its 29th largest position. BTR Capital Management Inc.’s holdings in Weyerhaeuser were worth $6,874,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in WY. Nuveen Asset Management LLC raised its position in shares of Weyerhaeuser by 3.8% in the first quarter. Nuveen Asset Management LLC now owns 51,199 shares of the real estate investment trust’s stock valued at $1,586,000 after buying an additional 1,865 shares in the last quarter. Euclid Advisors LLC raised its position in shares of Weyerhaeuser by 33.3% in the first quarter. Euclid Advisors LLC now owns 119,918 shares of the real estate investment trust’s stock valued at $3,715,000 after buying an additional 29,959 shares in the last quarter. Iowa State Bank bought a new position in shares of Weyerhaeuser during the second quarter valued at $166,000. Marshwinds Advisory Co. raised its position in shares of Weyerhaeuser by 1.8% in the second quarter. Marshwinds Advisory Co. now owns 43,712 shares of the real estate investment trust’s stock valued at $1,301,000 after buying an additional 752 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE raised its position in shares of Weyerhaeuser by 11.4% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 283,238 shares of the real estate investment trust’s stock valued at $8,432,000 after buying an additional 29,053 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.
Shares of Weyerhaeuser Co. (NYSE:WY) traded down 0.38% during mid-day trading on Tuesday, reaching $31.10. 2,703,133 shares of the company traded hands. The stock has a market capitalization of $23.26 billion, a PE ratio of 40.39 and a beta of 1.39. The stock’s 50 day moving average is $30.53 and its 200 day moving average is $30.93. Weyerhaeuser Co. has a 52-week low of $22.06 and a 52-week high of $33.17.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The firm earned $1.66 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 7.88% and a return on equity of 7.05%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. On average, analysts anticipate that Weyerhaeuser Co. will post $1.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, October 28th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, October 26th. Weyerhaeuser’s payout ratio is currently 169.86%.
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Several research analysts have weighed in on WY shares. DA Davidson lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Monday, August 8th. Citigroup Inc. lifted their price target on shares of Weyerhaeuser from $36.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 8th. Dundee Securities lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Argus reaffirmed a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Weyerhaeuser in a report on Thursday, September 22nd. They issued a “buy” rating and a $37.00 price target for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $35.50.
In related news, SVP Denise M. Merle sold 15,049 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $31.12, for a total transaction of $468,324.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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