Sumitomo Mitsui Trust Group Inc. Decreases Position in Weyerhaeuser (NYSE:WY)

Sumitomo Mitsui Trust Group Inc. lessened its stake in Weyerhaeuser (NYSE:WY) by 0.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,633,497 shares of the real estate investment trust’s stock after selling 1,820 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Weyerhaeuser were worth $45,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WY. Wellington Management Group LLP boosted its stake in shares of Weyerhaeuser by 12.7% during the third 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 purchasing an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weyerhaeuser by 257.2% during 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 valued at $151,437,000 after buying an additional 3,220,235 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Weyerhaeuser by 2,664.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after buying an additional 2,116,520 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after acquiring an additional 2,004,073 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Weyerhaeuser in the third quarter valued at about $40,773,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Weyerhaeuser Trading Up 0.3 %

NYSE WY opened at $30.13 on Tuesday. The firm has a market capitalization of $21.89 billion, a PE ratio of 54.78, a P/E/G ratio of 4.69 and a beta of 1.42. The stock’s 50 day moving average is $29.54 and its 200 day moving average is $30.92. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. 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 (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. Research analysts forecast that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

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.