Public Employees Retirement Association of Colorado trimmed its position in shares of Weyerhaeuser Co (NYSE:WY) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,041 shares of the real estate investment trust’s stock after selling 6,093 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Weyerhaeuser were worth $3,636,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $29,000. Zions Bancorporation N.A. purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $29,000. NuWave Investment Management LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $30,000. Investors Research Corp purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $31,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of Weyerhaeuser by 197.3% in the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 789 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
Shares of WY opened at $26.71 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.39. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 9.29 and a beta of 1.67. The company’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $25.51. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $34.58.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The company’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities analysts expect that Weyerhaeuser Co will post 0.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, September 5th. Weyerhaeuser’s dividend payout ratio is currently 115.25%.
Separately, ValuEngine downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Buy” and an average price target of $33.10.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.
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