Weyerhaeuser (NYSE:WY) Shares Bought by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. boosted its holdings in Weyerhaeuser (NYSE:WY) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 344,722 shares of the real estate investment trust’s stock after acquiring an additional 12,674 shares during the period. Weyerhaeuser accounts for about 3.0% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 12th largest holding. O Keefe Stevens Advisory Inc.’s holdings in Weyerhaeuser were worth $9,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Oak Thistle LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at $1,214,000. Inspire Trust Co. N.A. increased its stake in Weyerhaeuser by 148.2% during 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 purchasing an additional 75,000 shares during the period. Franklin Resources Inc. lifted its position in shares of Weyerhaeuser by 10.2% during the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after purchasing an additional 67,314 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Weyerhaeuser by 10.5% in the fourth 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 purchasing an additional 181,973 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings 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 buying an additional 25,554 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $30.24 on Friday. The company has a market capitalization of $21.97 billion, a PE ratio of 40.86 and a beta of 1.42. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a 50-day simple moving average of $29.82 and a 200-day simple moving average of $30.73. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. Equities research analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Weyerhaeuser’s payout ratio is 108.11%.

Analysts Set New Price Targets

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

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.