Teachers Insurance & Annuity Association of America cut its position in shares of Weyerhaeuser Co (NYSE:WY) by 21.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 545,037 shares of the real estate investment trust’s stock after selling 152,802 shares during the quarter. Weyerhaeuser comprises 1.7% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 20th biggest holding. Teachers Insurance & Annuity Association of America owned approximately 0.07% of Weyerhaeuser worth $14,356,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WY. NEXT Financial Group Inc raised its stake in shares of Weyerhaeuser by 197.3% in the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 789 shares during the last quarter. TrinityPoint Wealth LLC purchased a new position in Weyerhaeuser in the 1st quarter worth about $239,000. Strategic Wealth Partners Ltd. lifted its stake in Weyerhaeuser by 24.7% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 2,320 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 460 shares during the period. SG3 Management LLC bought a new position in Weyerhaeuser during the 1st quarter valued at about $105,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Weyerhaeuser by 109.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,368 shares of the real estate investment trust’s stock valued at $2,091,000 after acquiring an additional 41,532 shares during the last quarter. 77.13% of the stock is currently owned by institutional investors.
Separately, ValuEngine cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Weyerhaeuser presently has a consensus rating of “Buy” and an average price target of $33.10.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue was down 20.4% on a year-over-year basis. On average, analysts anticipate that Weyerhaeuser Co will post 0.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.34 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.86%. Weyerhaeuser’s payout ratio is currently 115.25%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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