Weyerhaeuser Company (NYSE:WY) Position Reduced by Brookfield Asset Management Inc.

Brookfield Asset Management Inc. reduced its position in Weyerhaeuser Company (NYSE:WY) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,258 shares of the real estate investment trust’s stock after selling 20,200 shares during the period. Brookfield Asset Management Inc. owned 0.06% of Weyerhaeuser worth $14,552,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after buying an additional 53,166,351 shares in the last quarter. Vanguard Group Inc. raised its position in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after buying an additional 1,553,556 shares in the last quarter. First Eagle Investment Management LLC raised its position in Weyerhaeuser by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 35,579,410 shares of the real estate investment trust’s stock worth $1,208,988,000 after buying an additional 1,260,154 shares in the last quarter. State Street Corp raised its position in Weyerhaeuser by 0.8% in the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after buying an additional 245,129 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Weyerhaeuser by 14.3% in the first quarter. American Century Companies Inc. now owns 14,850,349 shares of the real estate investment trust’s stock worth $504,615,000 after buying an additional 1,858,252 shares in the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Company (NYSE WY) traded down 0.35% during midday trading on Friday, hitting $31.17. 2,798,142 shares of the company traded hands. The stock’s 50-day moving average is $32.88 and its 200-day moving average is $33.35. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The firm has a market capitalization of $23.47 billion, a PE ratio of 24.50 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Weyerhaeuser Company (NYSE:WY) Position Reduced by Brookfield Asset Management Inc.” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.com-unik.info/2017/08/19/weyerhaeuser-company-nysewy-position-lowered-by-brookfield-asset-management-inc-updated-updated-updated.html.

A number of equities analysts recently commented on WY shares. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $28.58 to $36.00 in a research note on Monday, August 14th. BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $37.00.

About Weyerhaeuser

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)

What are top analysts saying about Weyerhaeuser Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Weyerhaeuser Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit