Dean Capital Management Invests $1.44 Million in Weyerhaeuser (NYSE:WY)

Dean Capital Management purchased a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 51,187 shares of the real estate investment trust's stock, valued at approximately $1,441,000.

Several other large investors have also recently added to or reduced their stakes in the business. South Plains Financial Inc. acquired a new stake in Weyerhaeuser in the fourth quarter worth approximately $25,000. Assetmark Inc. raised its stake in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at $36,000. TD Waterhouse Canada Inc. boosted its stake in 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 buying an additional 807 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth about $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 1.0 %

NYSE WY traded up $0.26 on Friday, reaching $26.20. The stock had a trading volume of 4,948,248 shares, compared to its average volume of 3,756,156. 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 1 year low of $24.10 and a 1 year high of $34.03. The business has a 50 day moving average price of $27.40 and a 200 day moving average price of $29.21. The company has a market capitalization 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 (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Weyerhaeuser's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has initiated a stock buyback program on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The business 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 dividend of $0.21 per share. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. Weyerhaeuser's payout ratio is currently 168.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Citigroup reduced their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.75.

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.