Dimensional Fund Advisors LP lifted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 426,032 shares of the real estate investment trust’s stock after purchasing an additional 54,126 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Weyerhaeuser were worth $9,313,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in WY. Westside Investment Management Inc. increased its stake in Weyerhaeuser by 160.0% in the fourth quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 800 shares during the last quarter. CNB Bank increased its stake in Weyerhaeuser by 784.0% in the fourth quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,176 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Weyerhaeuser by 37.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 442 shares during the last quarter. Pearl River Capital LLC bought a new position in Weyerhaeuser in the fourth quarter valued at approximately $40,000. Finally, Lindbrook Capital LLC bought a new position in Weyerhaeuser in the fourth quarter valued at approximately $46,000. 76.34% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on WY. Seaport Global Securities began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 2nd. They issued a “buy” rating on the stock. Stephens upgraded shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Friday, April 5th. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.10.
Shares of NYSE:WY opened at $25.06 on Thursday. The firm has a market cap of $18.31 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 7.63 and a beta of 1.67. The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $38.26.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.68 billion. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. Weyerhaeuser’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. Equities analysts anticipate that Weyerhaeuser Co will post 0.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.43%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.
In other Weyerhaeuser news, insider Devin W. Stockfish purchased 5,195 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were bought at an average price of $23.03 per share, for a total transaction of $119,640.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.43% of the stock is currently owned by insiders.
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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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