Bamco Inc. NY Takes Position in Weyerhaeuser (NYSE:WY)

Bamco Inc. NY acquired a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 54,548 shares of the real estate investment trust's stock, valued at approximately $1,536,000.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock worth $59,406,000 after purchasing an additional 153,919 shares during the last quarter. Franklin Resources Inc. raised its stake in Weyerhaeuser by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust's stock worth $23,777,000 after acquiring an additional 67,314 shares in the last quarter. GAMMA Investing LLC lifted its position in Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock valued at $358,000 after acquiring an additional 448 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Weyerhaeuser in the fourth quarter valued at $403,000. Finally, Nordea Investment Management AB grew its holdings in shares of Weyerhaeuser by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust's stock worth $54,231,000 after purchasing an additional 181,973 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

NYSE WY traded up $0.26 during mid-day trading on Friday, hitting $26.20. The stock had a trading volume of 4,948,248 shares, compared to its average volume of 3,754,706. 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 company has a market cap of $19.00 billion, a price-to-earnings ratio of 47.64, a P/E/G 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 company has a 50 day simple moving average of $27.40 and a 200 day simple moving average of $29.23.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. 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 EPS. Equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has approved a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.21%. Weyerhaeuser's payout ratio is currently 168.00%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research reports. Citigroup dropped their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Truist Financial reduced their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. CIBC lowered 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. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. 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 stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser 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.