New York State Common Retirement Fund raised its position in Weyerhaeuser Company (NYSE:WY) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,645,680 shares of the real estate investment trust’s stock after purchasing an additional 17,099 shares during the quarter. New York State Common Retirement Fund owned 0.22% of Weyerhaeuser worth $55,130,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Columbia Partners L L C Investment Management purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth about $1,876,000. Financial Advantage Inc. raised its holdings in shares of Weyerhaeuser by 1.2% in the 2nd quarter. Financial Advantage Inc. now owns 95,276 shares of the real estate investment trust’s stock worth $3,191,000 after purchasing an additional 1,163 shares during the period. Profund Advisors LLC raised its holdings in shares of Weyerhaeuser by 18.6% in the 2nd quarter. Profund Advisors LLC now owns 45,767 shares of the real estate investment trust’s stock worth $1,533,000 after purchasing an additional 7,184 shares during the period. BT Investment Management Ltd purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth about $1,652,000. Finally, Amalgamated Bank raised its holdings in shares of Weyerhaeuser by 61.3% in the 2nd quarter. Amalgamated Bank now owns 84,162 shares of the real estate investment trust’s stock worth $2,819,000 after purchasing an additional 31,972 shares during the period. Institutional investors own 75.23% of the company’s stock.

A number of equities analysts have recently commented on the company. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, September 4th. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.25.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 33.42 on Friday. The stock has a 50 day moving average price of $32.38 and a 200-day moving average price of $33.26. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 26.27 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.31 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.71%. Weyerhaeuser’s dividend payout ratio is currently 97.64%.

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Weyerhaeuser Company Profile

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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