DnB Asset Management AS Sells 37,271 Shares of Weyerhaeuser (NYSE:WY)

DnB Asset Management AS cut its position in shares of Weyerhaeuser (NYSE:WY) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,779 shares of the real estate investment trust’s stock after selling 37,271 shares during the quarter. DnB Asset Management AS’s holdings in Weyerhaeuser were worth $6,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth approximately $44,000. Graney & King LLC bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $44,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 0.7 %

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

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, December 23rd. 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 research note on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Company 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.