Penserra Capital Management LLC grew its stake in shares of Weyerhaeuser Co (NYSE:WY) by 25.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,120 shares of the real estate investment trust’s stock after acquiring an additional 424 shares during the period. Penserra Capital Management LLC’s holdings in Weyerhaeuser were worth $58,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Charles Schwab Trust Co bought a new stake in shares of Weyerhaeuser in the third quarter worth $1,657,000. Halsey Associates Inc. CT bought a new position in Weyerhaeuser during the 3rd quarter worth $217,000. Sunbelt Securities Inc. raised its position in Weyerhaeuser by 60.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 51,373 shares of the real estate investment trust’s stock worth $1,423,000 after purchasing an additional 19,367 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Weyerhaeuser by 11.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,063,703 shares of the real estate investment trust’s stock worth $57,165,000 after buying an additional 212,079 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Weyerhaeuser by 0.6% during the 3rd quarter. California State Teachers Retirement System now owns 1,284,852 shares of the real estate investment trust’s stock worth $35,590,000 after buying an additional 7,480 shares during the period. Institutional investors own 76.27% of the company’s stock.
WY has been the subject of several recent research reports. Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. Scotiabank set a $28.50 price objective on Weyerhaeuser and gave the stock a “hold” rating in a research report on Friday, October 25th. ValuEngine lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Argus upped their target price on Weyerhaeuser to $32.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Bank of America set a $31.00 target price on shares of Weyerhaeuser and gave the company a “hold” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.64.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser Co will post 0.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.36 annualized dividend and a yield of 4.64%. Weyerhaeuser’s dividend payout ratio is currently 115.25%.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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