Foresight Group Ltd Liability Partnership Lowers Holdings in Weyerhaeuser (NYSE:WY)

Foresight Group Ltd Liability Partnership reduced its position in Weyerhaeuser (NYSE:WY - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,967 shares of the real estate investment trust's stock after selling 12,709 shares during the quarter. Weyerhaeuser accounts for about 1.7% of Foresight Group Ltd Liability Partnership's holdings, making the stock its 10th largest holding. Foresight Group Ltd Liability Partnership's holdings in Weyerhaeuser were worth $2,927,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of WY. Oak Thistle LLC bought a new stake in Weyerhaeuser in the fourth quarter worth $1,214,000. Inspire Trust Co. N.A. increased its holdings in shares of Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock worth $4,253,000 after buying an additional 75,000 shares during the period. Franklin Resources Inc. lifted its stake in shares of Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust's stock valued at $23,777,000 after acquiring an additional 67,314 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Weyerhaeuser by 10.5% during the 4th quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust's stock valued at $54,231,000 after acquiring an additional 181,973 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in Weyerhaeuser by 9.1% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust's stock worth $10,383,000 after acquiring an additional 25,554 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on WY. StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Friday. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a report on Wednesday. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.14.

Weyerhaeuser Stock Up 0.7 %

Weyerhaeuser stock traded up $0.21 on Friday, hitting $30.24. 4,302,052 shares of the stock traded hands, compared to its average volume of 3,100,989. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market cap of $21.97 billion, a P/E ratio of 40.86 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $29.82 and its 200 day simple moving average is $30.73.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same period last year, the company posted $0.33 EPS. Weyerhaeuser's revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Friday, November 29th. Weyerhaeuser's dividend payout ratio is presently 108.11%.

About Weyerhaeuser

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.