Quantbot Technologies LP Takes Position in Weyerhaeuser Company (WY)
Quantbot Technologies LP purchased a new position in Weyerhaeuser Company (NYSE:WY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,591 shares of the real estate investment trust’s stock, valued at approximately $870,000.
Several other hedge funds and other institutional investors also recently modified their holdings of WY. Dimensional Fund Advisors LP increased its position in shares of Weyerhaeuser by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 311,332 shares of the real estate investment trust’s stock worth $10,578,000 after purchasing an additional 8,370 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in Weyerhaeuser in the first quarter valued at about $1,571,000. First Financial Equity Corporation bought a new position in Weyerhaeuser in the first quarter valued at about $225,000. Bragg Financial Advisors Inc grew its position in Weyerhaeuser by 78.9% in the first quarter. Bragg Financial Advisors Inc now owns 56,065 shares of the real estate investment trust’s stock valued at $1,905,000 after acquiring an additional 24,725 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Weyerhaeuser by 3,007.9% in the first quarter. Point72 Asset Management L.P. now owns 236,200 shares of the real estate investment trust’s stock valued at $8,026,000 after acquiring an additional 228,600 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE:WY) opened at $36.19 on Thursday. The firm has a market capitalization of $27,380.00, a P/E ratio of 36.85, a price-to-earnings-growth ratio of 6.16 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Weyerhaeuser Company has a 1-year low of $29.81 and a 1-year high of $36.92.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. equities analysts anticipate that Weyerhaeuser Company will post 1.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.32 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s payout ratio is presently 253.06%.
WY has been the topic of a number of recent analyst reports. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $28.58 to $36.00 in a research report on Monday, August 14th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) lowered 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. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research note on Monday, August 14th. Finally, Argus lifted their price target on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $37.20.
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In other news, insider Rhonda D. Hunter sold 45,939 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total transaction of $1,640,941.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
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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