Aster Capital Management DIFC Ltd Acquires Shares of 4,898 Weyerhaeuser (NYSE:WY)

Aster Capital Management DIFC Ltd acquired a new stake in Weyerhaeuser (NYSE:WY) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,898 shares of the real estate investment trust’s stock, valued at approximately $138,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $638,470,000. Geode Capital Management LLC boosted its position in shares of Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust’s stock worth $566,527,000 after purchasing an additional 637,643 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock worth $404,299,000 after purchasing an additional 158,800 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock valued at $252,958,000 after purchasing an additional 245,962 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Weyerhaeuser by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust’s stock valued at $247,793,000 after purchasing an additional 249,257 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

NYSE:WY opened at $24.77 on Wednesday. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 12-month low of $24.50 and a 12-month high of $35.08. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $29.50 and its two-hundred day moving average is $30.40.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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 expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WY. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a report on Tuesday. They issued an “overweight” rating and a $31.00 target price for the company. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, Truist Financial lowered their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $34.50.

About Weyerhaeuser

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.