New York State Common Retirement Fund Sells 24,500 Shares of Weyerhaeuser (NYSE:WY)

New York State Common Retirement Fund reduced its position in shares of Weyerhaeuser (NYSE:WY) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,474 shares of the real estate investment trust’s stock after selling 24,500 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Weyerhaeuser worth $15,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Creative Planning grew its holdings in shares of Weyerhaeuser by 22.4% during the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock valued at $2,509,000 after purchasing an additional 13,572 shares during the last quarter. Signaturefd LLC grew its stake in shares of Weyerhaeuser by 22.9% during the third quarter. Signaturefd LLC now owns 4,874 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 908 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Weyerhaeuser by 6,118.3% during the third quarter. International Assets Investment Management LLC now owns 196,125 shares of the real estate investment trust’s stock worth $6,641,000 after buying an additional 192,971 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 96,094 shares of the real estate investment trust’s stock valued at $3,254,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in shares of Weyerhaeuser by 4.3% during the 3rd quarter. Dakota Wealth Management now owns 14,881 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 617 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WY shares. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial cut their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

Shares of WY opened at $29.69 on Monday. The firm’s fifty day simple moving average is $29.26 and its two-hundred day simple moving average is $30.80. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $21.54 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 145.46%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.