Cohen & Steers Inc. Has $765.02 Million Stake in Weyerhaeuser Company $WY

Cohen & Steers Inc. lowered its position in Weyerhaeuser Company (NYSE:WY) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,289,399 shares of the real estate investment trust’s stock after selling 1,807,770 shares during the period. Weyerhaeuser accounts for approximately 1.4% of Cohen & Steers Inc.’s portfolio, making the stock its 20th largest position. Cohen & Steers Inc. owned 4.48% of Weyerhaeuser worth $765,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter worth approximately $39,000. Addison Advisors LLC lifted its position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the period. Optiver Holding B.V. acquired a new position in shares of Weyerhaeuser during the 3rd quarter valued at $42,000. Costello Asset Management INC lifted 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 valued at $43,000 after acquiring an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Weyerhaeuser during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Stock Up 2.1%

Weyerhaeuser stock opened at $24.85 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The firm’s fifty day moving average is $24.22 and its 200 day moving average is $24.39. The company has a market capitalization of $17.91 billion, a PE ratio of 46.01, a PEG ratio of 1.38 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. Weyerhaeuser’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s payout ratio is 155.56%.

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.