Weyerhaeuser Company $WY Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC reduced its stake in Weyerhaeuser Company (NYSE:WY) by 83.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,482 shares of the real estate investment trust’s stock after selling 574,268 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Weyerhaeuser were worth $2,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WY. Vanguard Group Inc. lifted its holdings in shares of Weyerhaeuser by 0.5% during the second quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after purchasing an additional 542,912 shares during the period. State Street Corp increased its stake in Weyerhaeuser by 0.9% in the 2nd quarter. State Street Corp now owns 31,865,696 shares of the real estate investment trust’s stock valued at $818,630,000 after buying an additional 271,832 shares during the period. Norges Bank acquired a new position in Weyerhaeuser in the 2nd quarter valued at $600,502,000. Geode Capital Management LLC raised its position in Weyerhaeuser by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock worth $509,460,000 after buying an additional 340,948 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Weyerhaeuser by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock worth $370,623,000 after acquiring an additional 1,400,050 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 3.9%

Weyerhaeuser stock opened at $23.23 on Thursday. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $30.28. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 52.79 and a beta of 1.03. The stock’s fifty day moving average is $25.64 and its two-hundred day moving average is $24.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s payout ratio is presently 190.91%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. New Street Research set a $28.00 price objective on Weyerhaeuser in a report on Friday, December 12th. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $28.88.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Beckwitt acquired 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 28,500 shares of company stock worth $721,645 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.