NN Investment Partners Holdings N.V. Has $828,000 Position in Weyerhaeuser Company (WY)

NN Investment Partners Holdings N.V. Has $828,000 Position in Weyerhaeuser Company (WY)

NN Investment Partners Holdings N.V. lowered its stake in shares of Weyerhaeuser Company (NYSE:WY) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,536 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Weyerhaeuser Company were worth $828,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in Weyerhaeuser Company by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 19,118 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 600 shares during the last quarter. Advisory Services Network LLC increased its stake in Weyerhaeuser Company by 2.7% in the second quarter. Advisory Services Network LLC now owns 20,407 shares of the real estate investment trust’s stock worth $608,000 after buying an additional 539 shares during the last quarter. Huntington National Bank increased its stake in Weyerhaeuser Company by 19.6% in the second quarter. Huntington National Bank now owns 32,119 shares of the real estate investment trust’s stock worth $956,000 after buying an additional 5,259 shares during the last quarter. SignalPoint Asset Management LLC increased its stake in Weyerhaeuser Company by 1.3% in the second quarter. SignalPoint Asset Management LLC now owns 7,886 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 100 shares during the last quarter. Finally, Baker Ellis Asset Management LLC increased its stake in Weyerhaeuser Company by 2.0% in the second quarter. Baker Ellis Asset Management LLC now owns 72,421 shares of the real estate investment trust’s stock worth $2,156,000 after buying an additional 1,402 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Company (NYSE:WY) traded down 0.66% on Friday, hitting $31.59. 594,542 shares of the stock were exchanged. Weyerhaeuser Company has a 52-week low of $22.06 and a 52-week high of $33.28. The stock’s 50 day moving average price is $30.94 and its 200 day moving average price is $31.21. The firm has a market cap of $23.63 billion, a PE ratio of 41.03 and a beta of 1.37.

Weyerhaeuser Company (NYSE:WY) last announced its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser Company had a return on equity of 7.05% and a net margin of 7.88%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Equities research analysts forecast that Weyerhaeuser Company will post $0.79 earnings per share for the current year.

WY has been the topic of a number of recent research reports. RBC Capital Markets reaffirmed a “buy” rating and set a $37.00 price target on shares of Weyerhaeuser Company in a research note on Friday, January 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser Company in a research note on Thursday, November 10th. CLSA downgraded shares of Weyerhaeuser Company from an “outperform” rating to an “underperform” rating in a research note on Wednesday, December 21st. Raymond James Financial, Inc. raised shares of Weyerhaeuser Company from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research note on Monday, January 9th. Finally, Zacks Investment Research cut shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Weyerhaeuser Company has an average rating of “Buy” and an average target price of $35.56.

In other Weyerhaeuser Company news, insider Denise M. Merle sold 6,503 shares of the firm’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $33.00, for a total value of $214,599.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

About Weyerhaeuser Company

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.

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