Oregon Public Employees Retirement Fund reduced its stake in Weyerhaeuser Co (NYSE:WY) by 4.5% during the first quarter, Holdings Channel reports. The institutional investor owned 78,664 shares of the real estate investment trust’s stock after selling 3,671 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Weyerhaeuser were worth $2,072,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. IFM Investors Pty Ltd lifted its holdings in Weyerhaeuser by 10.5% during the fourth quarter. IFM Investors Pty Ltd now owns 43,844 shares of the real estate investment trust’s stock valued at $958,000 after purchasing an additional 4,163 shares during the last quarter. Chesley Taft & Associates LLC increased its position in shares of Weyerhaeuser by 0.8% during the first quarter. Chesley Taft & Associates LLC now owns 169,491 shares of the real estate investment trust’s stock valued at $4,464,000 after buying an additional 1,390 shares during the period. Argyle Capital Management Inc. increased its position in shares of Weyerhaeuser by 0.3% during the fourth quarter. Argyle Capital Management Inc. now owns 118,208 shares of the real estate investment trust’s stock valued at $2,584,000 after buying an additional 400 shares during the period. Timber Creek Capital Management LLC increased its position in shares of Weyerhaeuser by 22.2% during the first quarter. Timber Creek Capital Management LLC now owns 103,184 shares of the real estate investment trust’s stock valued at $2,717,000 after buying an additional 18,735 shares during the period. Finally, Wealthstreet Investment Advisors LLC increased its position in shares of Weyerhaeuser by 8.5% during the first quarter. Wealthstreet Investment Advisors LLC now owns 34,008 shares of the real estate investment trust’s stock valued at $896,000 after buying an additional 2,670 shares during the period. 76.90% of the stock is currently owned by institutional investors.

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

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

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

WY has been the topic of several analyst reports. Seaport Global Securities initiated coverage on Weyerhaeuser in a research report on Tuesday, April 2nd. They set a “buy” rating on the stock. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, March 11th. Finally, Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $33.10.

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Weyerhaeuser Company 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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