New Mexico Educational Retirement Board trimmed its position in Weyerhaeuser Co (NYSE:WY) by 18.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,919 shares of the real estate investment trust’s stock after selling 10,550 shares during the period. New Mexico Educational Retirement Board’s holdings in Weyerhaeuser were worth $795,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Utah Retirement Systems grew its stake in Weyerhaeuser by 0.4% in the fourth quarter. Utah Retirement Systems now owns 141,945 shares of the real estate investment trust’s stock worth $4,287,000 after purchasing an additional 500 shares in the last quarter. Sabal Trust CO boosted its stake in Weyerhaeuser by 4.1% in the first quarter. Sabal Trust CO now owns 13,659 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 539 shares during the period. NEXT Financial Group Inc boosted its stake in Weyerhaeuser by 59.9% in the first quarter. NEXT Financial Group Inc now owns 1,519 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 569 shares during the period. CSat Investment Advisory L.P. boosted its stake in Weyerhaeuser by 11.1% in the first quarter. CSat Investment Advisory L.P. now owns 5,801 shares of the real estate investment trust’s stock valued at $98,000 after acquiring an additional 580 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its stake in Weyerhaeuser by 4.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 13,708 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 77.07% of the company’s stock.

WY has been the subject of a number of research reports. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Saturday, June 20th. Raymond James cut Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Monday, May 4th. BMO Capital Markets dropped their price target on Weyerhaeuser from $32.00 to $23.00 and set an “in-line” rating on the stock in a report on Monday, May 4th. Stephens dropped their price target on Weyerhaeuser from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.07.

Weyerhaeuser stock opened at $22.18 on Tuesday. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 46.21 and a beta of 1.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.37 and a quick ratio of 1.11. Weyerhaeuser Co has a fifty-two week low of $13.10 and a fifty-two week high of $31.58. The firm has a fifty day moving average price of $20.99 and a two-hundred day moving average price of $24.14.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, May 1st. The real estate investment trust reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.66 billion. Weyerhaeuser had a net margin of 5.47% and a return on equity of 4.09%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, sell-side analysts expect that Weyerhaeuser Co will post 0.23 earnings per share for the current year.

About Weyerhaeuser

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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