9,229 Shares in Weyerhaeuser (NYSE:WY) Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in Weyerhaeuser (NYSE:WY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,229 shares of the real estate investment trust’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WY. South Plains Financial Inc. purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at about $25,000. Assetmark Inc. grew its position in Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares during the period. Asset Planning Inc purchased a new position in Weyerhaeuser in the fourth quarter valued at about $36,000. TD Waterhouse Canada Inc. lifted its position in shares of Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 807 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial lowered their price target on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. CIBC dropped their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 22nd. 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, JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective on the stock. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $33.75.

Weyerhaeuser Stock Up 0.9%

WY opened at $26.72 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a market cap of $19.38 billion, a P/E ratio of 48.58, a PEG ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The business’s fifty day simple moving average is $27.03 and its 200 day simple moving average is $29.05.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, May 30th. Weyerhaeuser’s payout ratio is 168.00%.

Weyerhaeuser announced that its board has approved a stock buyback program on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.