Rhumbline Advisers Sells 13,575 Shares of Weyerhaeuser (NYSE:WY)

Rhumbline Advisers trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,400,233 shares of the real estate investment trust’s stock after selling 13,575 shares during the quarter. Rhumbline Advisers owned about 0.19% of Weyerhaeuser worth $39,416,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WY. Exchange Traded Concepts LLC bought a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $233,000. Creative Planning raised its stake in Weyerhaeuser by 22.4% in the third 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 in the last quarter. Blue Trust Inc. lifted its position in Weyerhaeuser by 36.9% during the third quarter. Blue Trust Inc. now owns 13,429 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 3,618 shares during the period. Capital Investment Advisors LLC lifted its position in Weyerhaeuser by 5.3% during the third quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 414 shares during the period. Finally, Raymond James & Associates grew its stake in Weyerhaeuser by 14.3% during the third quarter. Raymond James & Associates now owns 821,837 shares of the real estate investment trust’s stock worth $27,827,000 after buying an additional 103,023 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $29.60 on Tuesday. The stock has a market capitalization of $21.51 billion, a PE ratio of 53.82, a PEG ratio of 4.69 and a beta of 1.42. The business’s 50 day simple moving average is $29.37 and its 200 day simple moving average is $30.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change 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 is presently 145.46%.

Analyst Ratings Changes

Several analysts recently issued reports on WY shares. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Citigroup decreased their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.