Harbour Capital Advisors LLC Makes New Investment in Weyerhaeuser Company $WY

Key Points

• Harbour Capital Advisors LLC has acquired 11,310 shares of Weyerhaeuser Company for approximately $302,000, marking a new investment in the real estate investment trust.
• Weyerhaeuser Company recently reported earnings of $0.12 per share, beating estimates, but its revenue was down 2.8% year-over-year at $1.88 billion.
• The company declared a quarterly dividend of $0.21 per share, reflecting a 3.5% dividend yield, with a payout ratio currently at 221.05%.

Harbour Capital Advisors LLC acquired a new position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,310 shares of the real estate investment trust's stock, valued at approximately $302,000.

Other large investors also recently bought and sold shares of the company. Waverly Advisors LLC grew its position in shares of 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 purchasing an additional 343 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Weyerhaeuser by 5.6% in the first quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 408 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Weyerhaeuser by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust's stock valued at $756,000 after acquiring an additional 445 shares in the last quarter. Unison Advisors LLC increased its holdings in Weyerhaeuser by 0.7% in the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust's stock valued at $2,029,000 after buying an additional 455 shares during the last quarter. Finally, SPC Financial Inc. increased its holdings in Weyerhaeuser by 3.5% in the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust's stock valued at $427,000 after buying an additional 500 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WY shares. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Truist Financial dropped their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. DA Davidson dropped their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research report on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded up $0.03 during trading on Tuesday, reaching $24.29. The company's stock had a trading volume of 1,461,537 shares, compared to its average volume of 4,104,223. The business has a 50 day moving average price of $25.58 and a 200-day moving average price of $26.33. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $17.52 billion, a P/E ratio of 63.94, a price-to-earnings-growth ratio of 84.50 and a beta of 1.07. Weyerhaeuser Company has a 12-month low of $23.98 and a 12-month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.21 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is currently 221.05%.

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.