Balyasny Asset Management LLC raised its stake in shares of Weyerhaeuser Company (NYSE:WY) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,890,844 shares of the real estate investment trust’s stock after buying an additional 247,449 shares during the period. Balyasny Asset Management LLC owned about 0.38% of Weyerhaeuser worth $96,843,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. QS Investors LLC boosted its stake in shares of Weyerhaeuser by 29.0% during the 2nd quarter. QS Investors LLC now owns 61,845 shares of the real estate investment trust’s stock valued at $2,072,000 after buying an additional 13,896 shares during the period. Bank of Hawaii boosted its stake in shares of Weyerhaeuser by 4.5% during the 2nd quarter. Bank of Hawaii now owns 16,032 shares of the real estate investment trust’s stock valued at $537,000 after buying an additional 696 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Weyerhaeuser by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock valued at $10,906,000 after buying an additional 14,267 shares during the period. Virtu KCG Holdings LLC boosted its stake in shares of Weyerhaeuser by 123.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 29,249 shares of the real estate investment trust’s stock valued at $980,000 after buying an additional 16,158 shares during the period. Finally, Baker Avenue Asset Management LP boosted its stake in shares of Weyerhaeuser by 9.9% during the 2nd quarter. Baker Avenue Asset Management LP now owns 271,155 shares of the real estate investment trust’s stock valued at $9,084,000 after buying an additional 24,522 shares during the period. 75.23% of the stock is owned by institutional investors.

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Shares of Weyerhaeuser Company (WY) traded up 0.21% on Thursday, reaching $33.87. 311,605 shares of the company traded hands. The stock has a market cap of $25.50 billion, a price-to-earnings ratio of 26.63 and a beta of 1.39. The stock has a 50 day moving average of $32.38 and a 200 day moving average of $33.26. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. On average, analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 97.64%.

A number of equities research analysts have issued reports on WY shares. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their price objective 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, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $37.25.

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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