Fort Washington Investment Advisors Inc. OH Buys 8,700 Shares of Weyerhaeuser Company (WY)
Fort Washington Investment Advisors Inc. OH lifted its stake in Weyerhaeuser Company (NYSE:WY) by 58.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,580 shares of the real estate investment trust’s stock after purchasing an additional 8,700 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Weyerhaeuser were worth $790,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Barnett & Company Inc. acquired a new stake in Weyerhaeuser in the second quarter valued at $101,000. First Personal Financial Services raised its stake in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in Weyerhaeuser in the second quarter valued at $109,000. Alexandria Capital LLC raised its stake in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its stake in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
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WY has been the topic of a number of analyst reports. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research note on Monday, September 4th. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) cut 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. Finally, Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price target for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $37.00.
Shares of Weyerhaeuser Company (NYSE:WY) opened at 32.99 on Monday. The stock’s 50 day moving average price is $32.36 and its 200-day moving average price is $33.28. The firm has a market cap of $24.84 billion, a PE ratio of 25.94 and a beta of 1.39. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.76%. Weyerhaeuser’s dividend payout ratio (DPR) is 97.64%.
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.
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