American Assets Investment Management LLC held its stake in Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,000 shares of the real estate investment trust’s stock at the end of the second quarter. American Assets Investment Management LLC’s holdings in Weyerhaeuser were worth $1,675,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its position in shares of Weyerhaeuser by 23.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 49,929 shares of the real estate investment trust’s stock valued at $1,697,000 after buying an additional 9,466 shares in the last quarter. Van Cleef Asset Management Inc raised its position in shares of Weyerhaeuser by 1.0% in the first quarter. Van Cleef Asset Management Inc now owns 214,754 shares of the real estate investment trust’s stock valued at $7,297,000 after buying an additional 2,185 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Weyerhaeuser by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 19,950 shares of the real estate investment trust’s stock valued at $634,000 after buying an additional 814 shares in the last quarter. First Manhattan Co. raised its position in shares of Weyerhaeuser by 5.2% in the first quarter. First Manhattan Co. now owns 12,200 shares of the real estate investment trust’s stock valued at $389,000 after buying an additional 600 shares in the last quarter. Finally, BTR Capital Management Inc. raised its position in shares of Weyerhaeuser by 11.2% in the first quarter. BTR Capital Management Inc. now owns 239,369 shares of the real estate investment trust’s stock valued at $8,134,000 after buying an additional 24,144 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Weyerhaeuser Company (NYSE WY) opened at 31.70 on Monday. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The stock has a market capitalization of $23.87 billion, a price-to-earnings ratio of 24.92 and a beta of 1.40. The stock’s 50 day moving average is $32.66 and its 200-day moving average is $33.35.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.17 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser Company will post $1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.91%. Weyerhaeuser’s dividend payout ratio is currently 97.64%.

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Several equities analysts have commented on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and increased their price target for the company from $28.58 to $36.00 in a research note on Monday, August 14th. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a research note on Monday, July 31st. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $37.00.

Weyerhaeuser Company Profile

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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