Weyerhaeuser Company $WY Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the 3rd quarter, Holdings Channel reports. The fund purchased 197,579 shares of the real estate investment trust’s stock, valued at approximately $3,764,000.

A number of other large investors have also recently modified their holdings of the company. Profund Advisors LLC grew its stake in Weyerhaeuser by 42.1% in the third quarter. Profund Advisors LLC now owns 13,401 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 3,968 shares in the last quarter. ProShare Advisors LLC increased its holdings in Weyerhaeuser by 8.9% during the 3rd quarter. ProShare Advisors LLC now owns 208,181 shares of the real estate investment trust’s stock worth $3,966,000 after purchasing an additional 17,070 shares during the period. Grandfield & Dodd LLC raised its position in Weyerhaeuser by 1.8% during the 3rd quarter. Grandfield & Dodd LLC now owns 631,188 shares of the real estate investment trust’s stock valued at $12,024,000 after purchasing an additional 10,992 shares in the last quarter. Cidel Asset Management Inc. bought a new stake in Weyerhaeuser during the 3rd quarter valued at $261,000. Finally, MGO One Seven LLC lifted its holdings in shares of Weyerhaeuser by 2.6% in the 3rd quarter. MGO One Seven LLC now owns 44,956 shares of the real estate investment trust’s stock worth $856,000 after buying an additional 1,122 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 3.1%

Weyerhaeuser stock traded down $0.67 during mid-day trading on Friday, hitting $20.96. The company’s stock had a trading volume of 7,682,897 shares, compared to its average volume of 9,371,855. The firm’s 50 day moving average is $20.57 and its 200 day moving average is $23.56. Weyerhaeuser Company has a 52-week low of $18.25 and a 52-week high of $27.75. The company has a market cap of $15.10 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 2.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.82 and a quick ratio of 1.08.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the business posted $0.12 earnings per share. Weyerhaeuser’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser Company will post 0.27 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.21 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.0%. Weyerhaeuser’s payout ratio is 135.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WY shares. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Royal Bank Of Canada dropped their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Truist Financial dropped their target price on shares of Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, October 12th. DA Davidson cut their target price on shares of Weyerhaeuser from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and reduced their price target for the company from $28.00 to $25.00 in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.10.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.