Cbre Investment Management Listed Real Assets LLC Acquires 509,036 Shares of Weyerhaeuser Company $WY

Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 284.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 687,750 shares of the real estate investment trust’s stock after buying an additional 509,036 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 0.10% of Weyerhaeuser worth $17,668,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WY. Envestnet Asset Management Inc. boosted its position in Weyerhaeuser by 3.5% during the first quarter. Envestnet Asset Management Inc. now owns 520,443 shares of the real estate investment trust’s stock valued at $15,239,000 after purchasing an additional 17,748 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Weyerhaeuser by 112.6% in the 1st quarter. TD Private Client Wealth LLC now owns 6,141 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 3,253 shares in the last quarter. Financial Counselors Inc. grew its position in shares of Weyerhaeuser by 4.9% in the 1st quarter. Financial Counselors Inc. now owns 31,993 shares of the real estate investment trust’s stock worth $937,000 after buying an additional 1,500 shares during the last quarter. M&T Bank Corp raised its stake in shares of Weyerhaeuser by 0.8% during the 1st quarter. M&T Bank Corp now owns 246,494 shares of the real estate investment trust’s stock worth $7,217,000 after acquiring an additional 2,058 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $273,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WY shares. Citigroup lowered their target price on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. CIBC dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Finally, Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Weyerhaeuser Trading Up 1.5%

Shares of NYSE:WY opened at $22.82 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52-week low of $22.28 and a 52-week high of $32.70. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 244.04 and a beta of 1.04. The business has a 50-day moving average price of $24.34 and a 200-day moving average price of $25.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm posted $0.05 EPS. Weyerhaeuser’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by corporate insiders.

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.