New York State Common Retirement Fund lowered its stake in Weyerhaeuser Co (NYSE:WY) by 0.6% during the first quarter, HoldingsChannel reports. The firm owned 1,495,780 shares of the real estate investment trust’s stock after selling 9,400 shares during the period. New York State Common Retirement Fund’s holdings in Weyerhaeuser were worth $39,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc boosted its position in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the period. American Century Companies Inc. lifted its holdings in shares of Weyerhaeuser by 32.2% during the 4th quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock valued at $369,530,000 after buying an additional 4,119,961 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Weyerhaeuser by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock valued at $246,032,000 after buying an additional 711,947 shares during the last quarter. Norges Bank acquired a new stake in Weyerhaeuser in the 4th quarter worth approximately $173,259,000. Finally, Newport Trust Co lifted its holdings in Weyerhaeuser by 3.1% in the 4th quarter. Newport Trust Co now owns 5,268,363 shares of the real estate investment trust’s stock worth $115,166,000 after purchasing an additional 157,348 shares during the last quarter. 76.90% of the stock is currently owned by hedge funds and other institutional investors.

WY opened at $23.01 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 1.10. The company has a market capitalization of $17.14 billion, a P/E ratio of 19.50, a P/E/G ratio of 7.37 and a beta of 1.64. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $38.39.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.68 billion. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. Equities analysts expect that Weyerhaeuser Co will post 0.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, June 6th. Weyerhaeuser’s dividend payout ratio is currently 115.25%.

Several equities research analysts recently weighed in on the company. Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Friday, April 5th. Seaport Global Securities assumed coverage on Weyerhaeuser in a report on Tuesday, April 2nd. They issued a “buy” rating for the company. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.10.

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Weyerhaeuser Profile

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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