Weyerhaeuser Company $WY Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lowered its position in Weyerhaeuser Company (NYSE:WY) by 4.5% during the second quarter, HoldingsChannel.com reports. The fund owned 767,440 shares of the real estate investment trust’s stock after selling 36,569 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Weyerhaeuser were worth $19,716,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. raised its holdings in Weyerhaeuser by 80.0% in the 2nd quarter. Johnson Financial Group Inc. now owns 10,994 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 4,886 shares during the last quarter. Korea Investment CORP boosted its holdings in Weyerhaeuser by 5.3% in the second quarter. Korea Investment CORP now owns 403,141 shares of the real estate investment trust’s stock valued at $10,357,000 after acquiring an additional 20,400 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in Weyerhaeuser by 23.8% during the second quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 30,700 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 5,900 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Weyerhaeuser during the 2nd quarter worth approximately $59,000. Finally, Quadrant Capital Group LLC grew its position in Weyerhaeuser by 93.2% in the second quarter. Quadrant Capital Group LLC now owns 20,532 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 9,905 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WY. Royal Bank Of Canada lowered their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Tuesday, November 25th. Bank of America reissued a “neutral” rating and issued a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Finally, DA Davidson lowered their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.78.

Weyerhaeuser Stock Up 0.1%

Weyerhaeuser stock opened at $22.27 on Monday. The company has a market capitalization of $16.06 billion, a P/E ratio of 58.62, a P/E/G ratio of 244.04 and a beta of 1.04. The firm’s fifty day simple moving average is $23.35 and its 200-day simple moving average is $25.00. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $32.70. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business earned $0.05 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

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.