Gallo Partners LP Buys New Shares in Weyerhaeuser (NYSE:WY)

Gallo Partners LP bought a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 53,500 shares of the real estate investment trust's stock, valued at approximately $1,506,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter worth $638,470,000. Cohen & Steers Inc. grew its stake in shares of Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Weyerhaeuser by 122.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock worth $137,417,000 after purchasing an additional 2,685,634 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at about $27,332,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $26,206,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, CIBC decreased their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser Price Performance

Shares of WY traded up $0.36 during trading hours on Friday, reaching $26.18. 3,512,765 shares of the company traded hands, compared to its average volume of 3,730,455. The stock has a fifty day simple moving average of $27.86 and a 200 day simple moving average of $29.46. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The stock has a market capitalization of $19.00 billion, a PE ratio of 47.60, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, research analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. Weyerhaeuser's dividend payout ratio (DPR) 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.