Deutsche Bank AG Raises Holdings in Weyerhaeuser (NYSE:WY)

Deutsche Bank AG boosted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,196,790 shares of the real estate investment trust's stock after buying an additional 1,273,217 shares during the quarter. Deutsche Bank AG owned 0.58% of Weyerhaeuser worth $118,140,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on WY. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded down $0.67 during midday trading on Wednesday, reaching $26.02. 3,968,982 shares of the company's stock traded hands, compared to its average volume of 3,764,768. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The stock has a 50 day moving average of $27.25 and a 200 day moving average of $29.14.

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

Weyerhaeuser declared that its board has approved a share repurchase plan 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 repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued 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 3.23%. Weyerhaeuser's payout ratio is 168.00%.

Weyerhaeuser Company 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.