Today, Weyerhaeuser Co. (WY) Position Decreased by Telos Capital Management Inc.

Today, Weyerhaeuser Co. (WY) Position Decreased by Telos Capital Management Inc.

Telos Capital Management Inc. cut its stake in shares of Weyerhaeuser Co. (NYSE:WY) by 12.5% during the third quarter, Holdings Channel reports. The institutional investor owned 6,590 shares of the real estate investment trust’s stock after selling 940 shares during the period. Telos Capital Management Inc.’s holdings in Weyerhaeuser were worth $210,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WY. Bank of Montreal Can purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $35,119,000. Bank of New York Mellon Corp increased its stake in shares of Weyerhaeuser by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 7,868,617 shares of the real estate investment trust’s stock valued at $234,249,000 after buying an additional 119,230 shares in the last quarter. Evercore Wealth Management LLC increased its stake in shares of Weyerhaeuser by 6.5% in the second quarter. Evercore Wealth Management LLC now owns 1,209,019 shares of the real estate investment trust’s stock valued at $35,992,000 after buying an additional 73,925 shares in the last quarter. Klingenstein Fields & Co. LLC increased its stake in shares of Weyerhaeuser by 155.7% in the second quarter. Klingenstein Fields & Co. LLC now owns 801,498 shares of the real estate investment trust’s stock valued at $23,861,000 after buying an additional 488,075 shares in the last quarter. Finally, British Airways Pensions Investment Management Ltd purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $15,305,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Co. (NYSE:WY) traded down 2.484% during mid-day trading on Monday, hitting $31.205. 2,775,110 shares of the stock were exchanged. The company has a 50 day moving average of $30.52 and a 200 day moving average of $30.93. The firm has a market cap of $23.34 billion, a P/E ratio of 40.526 and a beta of 1.39. Weyerhaeuser Co. has a 12-month low of $22.06 and a 12-month high of $33.17.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Weyerhaeuser had a return on equity of 7.05% and a net margin of 7.88%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue was up 26.1% compared to the same quarter last year. On average, equities analysts anticipate that Weyerhaeuser Co. will post $1.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, October 28th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, October 26th. Weyerhaeuser’s payout ratio is currently 169.86%.

Several research firms recently commented on WY. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Thursday, November 10th. Argus reaffirmed a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a research note on Tuesday, September 20th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. DA Davidson downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, August 8th. Finally, Citigroup Inc. raised their price target on shares of Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.50.

In other Weyerhaeuser news, SVP Denise M. Merle sold 15,049 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

About Weyerhaeuser

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.

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