Teachers Insurance & Annuity Association of America decreased its holdings in Weyerhaeuser Co (NYSE:WY) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 970,122 shares of the real estate investment trust’s stock after selling 8,438 shares during the period. Weyerhaeuser accounts for about 2.4% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 8th biggest holding. Teachers Insurance & Annuity Association of America’s holdings in Weyerhaeuser were worth $31,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Weyerhaeuser by 9.1% during the second quarter. FMR LLC now owns 566,568 shares of the real estate investment trust’s stock valued at $20,657,000 after purchasing an additional 47,262 shares during the period. Boston Common Asset Management LLC raised its position in Weyerhaeuser by 4.0% during the second quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock valued at $8,339,000 after purchasing an additional 8,850 shares during the period. Manning & Napier Group LLC raised its position in Weyerhaeuser by 18.5% during the third quarter. Manning & Napier Group LLC now owns 118,934 shares of the real estate investment trust’s stock valued at $3,837,000 after purchasing an additional 18,560 shares during the period. Appleton Partners Inc. MA raised its position in Weyerhaeuser by 48.4% during the third quarter. Appleton Partners Inc. MA now owns 20,621 shares of the real estate investment trust’s stock valued at $665,000 after purchasing an additional 6,721 shares during the period. Finally, Bank of Montreal Can raised its position in Weyerhaeuser by 12.8% during the third quarter. Bank of Montreal Can now owns 1,067,629 shares of the real estate investment trust’s stock valued at $34,454,000 after purchasing an additional 120,969 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE WY opened at $26.70 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. Weyerhaeuser Co has a fifty-two week low of $25.75 and a fifty-two week high of $38.39. The company has a market capitalization of $20.30 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 4.41 and a beta of 1.48.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser Co will post 1.23 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.36 annualized dividend and a dividend yield of 5.09%. Weyerhaeuser’s payout ratio is 118.26%.

In other Weyerhaeuser news, insider Devin W. Stockfish purchased 27,890 shares of Weyerhaeuser stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average cost of $26.93 per share, for a total transaction of $751,077.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

WY has been the topic of a number of recent research reports. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Friday, August 3rd. Raymond James decreased their price objective on Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. DA Davidson upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $37.50 to $35.00 in a research report on Monday, October 29th. Citigroup decreased their price objective on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Vertical Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $34.57.

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About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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