Raiffeisen Bank International AG Takes $6.10 Million Position in Weyerhaeuser (NYSE:WY)

Raiffeisen Bank International AG acquired a new stake in shares of Weyerhaeuser (NYSE:WY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 218,557 shares of the real estate investment trust’s stock, valued at approximately $6,096,000.

Several other hedge funds have also recently made changes to their positions in the stock. Point72 Hong Kong Ltd purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $260,000. Quantinno Capital Management LP boosted its stake in shares of Weyerhaeuser by 126.9% during the 4th quarter. Quantinno Capital Management LP now owns 38,616 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 21,596 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Weyerhaeuser during the 4th quarter worth $302,000. Nomura Holdings Inc. bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at $3,049,000. Finally, Nuveen Asset Management LLC increased its stake in shares of Weyerhaeuser by 6.4% in the 4th quarter. Nuveen Asset Management LLC now owns 3,827,482 shares of the real estate investment trust’s stock worth $107,744,000 after purchasing an additional 230,581 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC reduced their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price objective on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $26.48 on Friday. The stock’s 50-day simple moving average is $27.08 and its 200-day simple moving average is $29.08. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 4.74 and a beta of 1.15. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser declared that its Board of Directors has approved a stock buyback plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.17%. Weyerhaeuser’s payout ratio is 168.00%.

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.