Boston Common Asset Management LLC lessened its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 4.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 219,011 shares of the real estate investment trust’s stock after selling 9,700 shares during the quarter. Boston Common Asset Management LLC’s holdings in Weyerhaeuser were worth $7,067,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Interactive Financial Advisors grew its position in shares of Weyerhaeuser by 145.1% during the second quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,714 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Weyerhaeuser during the third quarter worth approximately $113,000. Quad Cities Investment Group LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $136,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of Weyerhaeuser during the third quarter worth approximately $129,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $171,000. 76.31% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on WY shares. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. ValuEngine downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. DA Davidson reissued a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. BMO Capital Markets decreased their price target on shares of Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating for the company in a research report on Tuesday, October 30th. Finally, Vertical Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.20.
Shares of WY opened at $27.53 on Friday. Weyerhaeuser Co has a 12-month low of $25.75 and a 12-month high of $38.39. The firm has a market cap of $20.63 billion, a P/E ratio of 23.94, a PEG ratio of 4.54 and a beta of 1.48. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser Co will post 1.21 EPS for the current fiscal year.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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