Weyerhaeuser Company $WY Holdings Lowered by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC trimmed its stake in shares of Weyerhaeuser Company (NYSE:WY) by 41.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,277 shares of the real estate investment trust’s stock after selling 47,205 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Weyerhaeuser were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $39,000. Addison Advisors LLC raised its position in shares of Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth about $42,000. Costello Asset Management INC raised its position in shares of Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 976 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $43,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

WY stock opened at $23.74 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a market cap of $17.11 billion, a P/E ratio of 43.96, a P/E/G ratio of 1.39 and a beta of 0.89. The firm has a 50 day simple moving average of $24.08 and a 200 day simple moving average of $24.24. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.86.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Research analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a $0.21 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s payout ratio is 155.56%.

Analyst Ratings Changes

A number of analysts have commented on WY shares. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, May 4th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Citigroup lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser 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.