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

Cbre Investment Management Listed Real Assets LLC lessened its stake in shares of Weyerhaeuser Company (NYSE:WY) by 83.5% in the third quarter, HoldingsChannel reports. The firm 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Weyerhaeuser by 0.5% during the 2nd 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 last quarter. State Street Corp raised its position in shares of Weyerhaeuser by 0.9% in the second 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 last quarter. Norges Bank purchased a new position in shares of Weyerhaeuser during the second quarter valued at approximately $600,502,000. Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 1.7% during the second quarter. Geode Capital Management LLC now owns 19,909,790 shares of the real estate investment trust’s stock valued at $509,460,000 after buying an additional 340,948 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Weyerhaeuser by 10.3% during the third 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 last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This represents a 16.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 28,500 shares of company stock valued at $721,645. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Stock Down 3.9%

Shares of WY 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 company’s fifty day moving average is $25.64 and its two-hundred day moving average is $24.39. The firm has a market cap of $16.74 billion, a PE ratio of 52.79 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

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

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Analyst Ratings Changes

Several research firms have commented on WY. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a report on Monday, February 2nd. New Street Research set a $28.00 price objective on Weyerhaeuser in a research report on Friday, December 12th. JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Finally, Truist Financial raised their price target on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Company Profile

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.