abrdn plc Has $87.52 Million Position in Weyerhaeuser (NYSE:WY)

abrdn plc lowered its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,123,920 shares of the real estate investment trust's stock after selling 132,860 shares during the quarter. abrdn plc owned about 0.43% of Weyerhaeuser worth $87,517,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WY. Sanctuary Advisors LLC purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $1,153,000. Cubist Systematic Strategies LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at approximately $633,000. Czech National Bank raised its position in shares of Weyerhaeuser by 6.7% in the 3rd quarter. Czech National Bank now owns 148,161 shares of the real estate investment trust's stock valued at $5,017,000 after purchasing an additional 9,246 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Weyerhaeuser by 6.3% during the 3rd quarter. GAMMA Investing LLC now owns 12,267 shares of the real estate investment trust's stock valued at $415,000 after acquiring an additional 731 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in shares of Weyerhaeuser during the 3rd quarter valued at approximately $262,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Down 1.3 %

Shares of WY traded down $0.39 during mid-day trading on Friday, hitting $30.04. 2,037,231 shares of the company's stock were exchanged, compared to its average volume of 3,637,051. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a fifty day moving average of $29.54 and a two-hundred day moving average of $30.91. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 54.62, a P/E/G ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on WY. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Citigroup decreased their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.