Public Employees Retirement Association of Colorado cut its stake in Weyerhaeuser Company (NYSE:WY) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 145,522 shares of the real estate investment trust’s stock after selling 48 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Weyerhaeuser were worth $4,875,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alexandria Capital LLC increased its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the period. Steinberg Global Asset Management acquired a new position in Weyerhaeuser during the second quarter valued at approximately $211,000. Strs Ohio increased its position in Weyerhaeuser by 5.7% in the second quarter. Strs Ohio now owns 2,266,699 shares of the real estate investment trust’s stock valued at $75,934,000 after buying an additional 121,849 shares during the period. Cutler Capital Management LLC increased its position in Weyerhaeuser by 2.5% in the second quarter. Cutler Capital Management LLC now owns 144,136 shares of the real estate investment trust’s stock valued at $4,828,000 after buying an additional 3,560 shares during the period. Finally, Tower Bridge Advisors increased its position in Weyerhaeuser by 40.0% in the second quarter. Tower Bridge Advisors now owns 124,085 shares of the real estate investment trust’s stock valued at $4,157,000 after buying an additional 35,448 shares during the period. 76.21% of the stock is owned by institutional investors.
Weyerhaeuser Company (WY) opened at 32.22 on Friday. The firm has a 50-day moving average of $33.12 and a 200 day moving average of $33.34. The company has a market capitalization of $24.26 billion, a P/E ratio of 25.33 and a beta of 1.40. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, equities analysts forecast that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.
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Several research firms recently commented on WY. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a report on Monday, July 31st. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus price target of $37.13.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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