Weyerhaeuser (NYSE:WY) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 2.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 308,880 shares of the real estate investment trust’s stock after selling 7,700 shares during the quarter. Skba Capital Management LLC’s holdings in Weyerhaeuser were worth $8,695,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WY. Norges Bank purchased a new stake in Weyerhaeuser during the fourth quarter valued at about $638,470,000. Wellington Management Group LLP lifted its position in shares of Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Weyerhaeuser by 257.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. grew its position in Weyerhaeuser by 122.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock worth $137,417,000 after purchasing an additional 2,685,634 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Weyerhaeuser during the 3rd quarter worth approximately $40,773,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.7 %

NYSE:WY opened at $29.38 on Monday. The company has a market capitalization of $21.32 billion, a P/E ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43. The stock’s 50 day moving average price is $30.02 and its 200 day moving average price is $30.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.10.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 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%. On average, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WY. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. 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. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser 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.