Coastal Investment Advisors Inc. owns $ 226,000 in Weyerhaeuser (NYSE: WY)

Coastal Investment Advisors Inc. increased its stake in Weyerhaeuser (NYSE: WY – Get Rating) by 15.9% in the first quarter, according to The institutional investor owns 5,960 shares of the real estate investment trust shares after acquiring an additional 816 shares during the quarter. The holdings of Coastal Investment Advisors Inc. in Weyerhaeuser are worth $ 226,000 at the end of the last reporting period.

Other large investors have also added or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Weyerhaeuser by 5.6% in the fourth quarter. Now Envestnet Asset Management Inc. owns 607,061 shares of the real estate investment trust worth $ 24,999,000 after purchasing an additional 32,456 shares in the last quarter. DNB Asset Management AS increased its stake in Weyerhaeuser by 28.0% in the fourth quarter. DNB Asset Management AS already owns 148,483 shares of the $ 6,115,000 real estate investment trust after buying an additional 32,470 shares in the last quarter. Mirova acquired a new stake in Weyerhaeuser in the fourth quarter worth about $ 229,000. Natixis Advisors LP increased its stake in Weyerhaeuser by 47.5% in the fourth quarter. Natixis Advisors LP already owns 129,311 shares of the $ 5,325,000 real estate investment trust after buying an additional 41,629 shares in the last quarter. Finally, Glassy Mountain Advisors Inc. acquired a new stake in Weyerhaeuser in the fourth quarter worth about $ 324,000. 82.38% of the shares are currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on WY shares. BMO Capital Markets downgraded Weyerhaeuser from a “superior” rating to a “market performance” rating and set a price value of $ 42.00 per share. in a research note on Monday, May 2nd. Goldman Sachs Group lowered its target price for Weyerhaeuser from $ 49.00 to $ 41.00 and set a “buy” rating for the shares in a research note on Thursday. Finally, downgraded Weyerhaeuser from a “strong buy” rating to a “buy” rating in a research note on Wednesday, May 4th. One research analyst rated the shares with a hold rating, three issued a buy rating and one issued a strong buy rating for the company. Based on MarketBeat data, Weyerhaeuser has an average Buy rating and an average target price of $ 43.50.

Shares of Weyerhaeuser opened at $ 34.33 on Friday. The 50-day moving average of the stock is $ 38.33, and its 200-day moving average is $ 39.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a fast ratio of 2.20. The company has a market capitalization of $ 25.56 billion, a P / E ratio of $ 9.56 and a beta of $ 1.48. Weyerhaeuser has a one-year low of $ 32.58 and a one-year high of $ 43.04.

Weyerhaeuser (NYSE: WY – Get Rating) last released its quarterly earnings data on Friday, April 29th. The real estate investment fund reported $ 1.31 EPS for the quarter, beating analysts’ consensus estimates of $ 1.07 by $ 0.24. The company had revenue of $ 2.21 billion for the quarter, compared to analysts’ estimates of $ 2.99 billion. Weyerhaeuser had a return on equity of 27.03% and a net profit of 24.96%. The company’s quarterly revenues decreased by 12.0% on an annual basis. During the same period last year, the company earned $ 0.91 earnings per share. Stock analysts expect Weyerhaeuser to report 3.2 earnings per share for the current fiscal year.

The business also recently unveiled a three-month dividend that was paid on Friday (June 17th). The record investors on Friday, June 3, received a dividend of $ 0.18. This represents a $ 0.72 dividend on an annual basis and a dividend yield of 2.10%. The date of the former dividend was Thursday, June 2. Weyerhaeuser’s dividend payout ratio is currently 20.06%.

In related news, director Albert Monaco acquired 3,000 shares of the company’s shares in a deal made on Tuesday (June 7th). The shares were purchased at an average price of $ 38.43 per share, for a total value of $ 115,290.00. Following the completion of the purchase, the director now directly owns 27,246 shares of the company worth $ 1,047,063.78. The purchase was disclosed in documentation in the Securities and Exchange Commission, which is available on the SEC website. 0.22% of the shares are owned by insiders.

Regarding Weyerhaeuser (Get a rating)

Weyerhaeuser Company, one of the largest private woodland owners in the world, began operations in 1900. We own or control approximately 11 million acres of woodland in the United States and manage additional woodland under long-term licenses in Canada. We manage these forest lands on a sustainable basis in accordance with internationally recognized forestry standards.

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