Pacer Advisors Inc. trimmed its position in shares of Weyerhaeuser Co (NYSE:WY) by 16.6% during the second quarter, Holdings Channel reports. The institutional investor owned 70,822 shares of the real estate investment trust’s stock after selling 14,096 shares during the quarter. Pacer Advisors Inc.’s holdings in Weyerhaeuser were worth $1,865,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. acquired a new stake in Weyerhaeuser during the first quarter worth approximately $29,000. Penserra Capital Management LLC purchased a new position in shares of Weyerhaeuser in the 1st quarter valued at $29,000. NuWave Investment Management LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at $30,000. Rational Advisors LLC acquired a new stake in Weyerhaeuser during the 2nd quarter worth $30,000. Finally, NEXT Financial Group Inc raised its stake in Weyerhaeuser by 197.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 789 shares in the last quarter. Hedge funds and other institutional investors own 77.13% of the company’s stock.

Separately, ValuEngine cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Weyerhaeuser has a consensus rating of “Buy” and a consensus price target of $33.10.

NYSE WY traded up $0.49 on Wednesday, reaching $27.83. The stock had a trading volume of 70,454 shares, compared to its average volume of 3,102,460. The stock has a market cap of $20.43 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 9.39 and a beta of 1.67. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $34.58. The business’s 50-day moving average price is $25.56 and its 200 day moving average price is $25.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.39.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The company’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. On average, sell-side analysts predict that Weyerhaeuser Co will post 0.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.36 annualized dividend and a yield of 4.89%. Weyerhaeuser’s dividend payout ratio (DPR) is 115.25%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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