Bayesian Capital Management LP Sells 11,200 Shares of Weyerhaeuser (NYSE:WY)

Bayesian Capital Management LP reduced its stake in Weyerhaeuser (NYSE:WY - Free Report) by 37.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the real estate investment trust's stock after selling 11,200 shares during the period. Bayesian Capital Management LP's holdings in Weyerhaeuser were worth $526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. South Plains Financial Inc. bought a new position in Weyerhaeuser during the fourth quarter worth about $25,000. Assetmark Inc. boosted its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $36,000. TD Waterhouse Canada Inc. raised its stake in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Weyerhaeuser during the fourth quarter valued at $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WY. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Truist Financial reduced their price objective 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. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, CIBC reduced their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser Price Performance

NYSE WY traded up $0.49 on Monday, hitting $26.70. The stock had a trading volume of 774,690 shares, compared to its average volume of 3,744,499. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The firm has a 50-day moving average of $27.40 and a 200-day moving average of $29.19.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results 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 business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Equities analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's payout ratio is currently 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a share repurchase program on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding 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 programs are generally an indication that the company's leadership believes its shares are undervalued.

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.