Cohen & Steers Inc. Sells 1,807,770 Shares of Weyerhaeuser Company $WY

Cohen & Steers Inc. lessened its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,289,399 shares of the real estate investment trust’s stock after selling 1,807,770 shares during the quarter. Weyerhaeuser accounts for approximately 1.4% of Cohen & Steers Inc.’s portfolio, making the stock its 20th largest position. Cohen & Steers Inc.’s holdings in Weyerhaeuser were worth $765,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthspire Advisors LLC grew its stake in shares of Weyerhaeuser by 11.8% in the 4th quarter. Wealthspire Advisors LLC now owns 16,873 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 1,782 shares in the last quarter. Summit Financial LLC grew its stake in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 428 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Weyerhaeuser by 139.2% in the 4th quarter. Quadrant Capital Group LLC now owns 47,039 shares of the real estate investment trust’s stock worth $1,114,000 after acquiring an additional 27,372 shares in the last quarter. Keynote Financial Services LLC grew its stake in shares of Weyerhaeuser by 8.9% in the 4th quarter. Keynote Financial Services LLC now owns 11,103 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 905 shares in the last quarter. Finally, Third Avenue Management LLC grew its stake in shares of Weyerhaeuser by 6.0% in the 4th quarter. Third Avenue Management LLC now owns 171,582 shares of the real estate investment trust’s stock worth $4,065,000 after acquiring an additional 9,662 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $24.85 on Friday. The company’s 50-day moving average is $24.22 and its 200 day moving average is $24.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market capitalization of $17.91 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is 155.56%.

Analysts Set New Price Targets

Several analysts have recently issued reports on WY shares. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.