State of Michigan Retirement System Has $6.41 Million Stake in Weyerhaeuser (NYSE:WY)

State of Michigan Retirement System reduced its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,529 shares of the real estate investment trust's stock after selling 10,300 shares during the period. State of Michigan Retirement System's holdings in Weyerhaeuser were worth $6,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 719 shares in the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser in the fourth quarter valued at about $36,000. Capital Performance Advisors LLP bought a new stake in Weyerhaeuser in the third quarter valued at about $50,000. AdvisorNet Financial Inc raised its stake in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 486 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in Weyerhaeuser by 165.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust's stock worth $67,000 after buying an additional 1,229 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 1.9 %

WY traded down $0.57 during trading on Monday, reaching $30.08. The company had a trading volume of 4,752,779 shares, compared to its average volume of 3,378,155. 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 12-month low of $26.73 and a 12-month high of $36.27. The company has a market cap of $21.82 billion, a price-to-earnings ratio of 54.69, a PEG ratio of 4.74 and a beta of 1.43. The firm's 50-day simple moving average is $29.69 and its 200 day simple moving average is $30.81.

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Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. Equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Analysts Set New Price Targets

Several research firms have recently commented on WY. Truist Financial decreased their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. 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. Finally, Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser 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.