111 Capital Invests $413,000 in Weyerhaeuser (NYSE:WY)

111 Capital bought a new stake in Weyerhaeuser (NYSE:WY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,671 shares of the real estate investment trust's stock, valued at approximately $413,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Waverly Advisors LLC increased its holdings in Weyerhaeuser by 3.3% in the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 343 shares in the last quarter. Texas Yale Capital Corp. increased its stake in shares of Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 385 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 416 shares in the last quarter. Unison Advisors LLC increased its stake in shares of Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after purchasing an additional 419 shares in the last quarter. Finally, Wahed Invest LLC increased its stake in shares of Weyerhaeuser by 2.4% during the 4th quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 420 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WY has been the subject of a number of recent research reports. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial decreased their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Citigroup decreased their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $33.25.

Weyerhaeuser Stock Up 0.7%

Shares of WY traded up $0.17 during midday trading on Tuesday, hitting $25.84. The company had a trading volume of 701,207 shares, compared to its average volume of 3,776,776. The company's 50 day moving average price is $26.19 and its 200 day moving average price is $28.58. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 46.98, a PEG 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 quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business posted $0.16 EPS. The company's quarterly revenue was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's payout ratio is 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a share repurchase program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is 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.