Weyerhaeuser (NYSE:WY) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,372 shares of the real estate investment trust's stock after selling 107,099 shares during the quarter. AQR Capital Management LLC's holdings in Weyerhaeuser were worth $4,228,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Truist Financial Corp lifted its holdings in shares of Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after buying an additional 1,373 shares in the last quarter. Oak Thistle LLC acquired a new stake in Weyerhaeuser during the fourth quarter valued at $1,214,000. Sonora Investment Management Group LLC boosted its holdings in Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock worth $1,458,000 after buying an additional 18,698 shares during the last quarter. Czech National Bank grew its holdings in shares of Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock valued at $4,435,000 after purchasing an additional 9,377 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust's stock valued at $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WY shares. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Truist Financial cut their price target on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. CIBC lowered their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 target price for the company. Three investment 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, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Stock Performance

WY stock traded down $0.32 during midday trading on Tuesday, reaching $26.65. 3,641,844 shares of the company's stock traded hands, compared to its average volume of 3,760,917. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The stock's 50-day moving average is $27.32 and its 200 day moving average is $29.15. The stock has a market cap of $19.33 billion, a P/E ratio of 48.46, a PEG ratio of 4.74 and a beta of 1.15.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $0.16 EPS. Weyerhaeuser's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser declared that its Board of Directors has authorized a share 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 buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 dividend on an annualized basis and a yield of 3.15%. Weyerhaeuser's dividend payout ratio is currently 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.