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

New York State Common Retirement Fund lessened its stake in Weyerhaeuser (NYSE:WY) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 556,474 shares of the real estate investment trust’s stock after selling 24,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Weyerhaeuser were worth $15,665,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co grew its position in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares in the last quarter. HB Wealth Management LLC grew its holdings in Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 448 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Weyerhaeuser by 9.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 448 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $29.69 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a fifty day moving average of $29.26 and a 200-day moving average of $30.80. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Equities research analysts expect 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 paid a $0.21 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s payout ratio is 145.46%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WY shares. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Truist Financial dropped their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Three investment 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Company 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.