86,620 Shares in Weyerhaeuser Company $WY Purchased by Nykredit A S

Key Points

• Nykredit A/S acquired 86,620 Weyerhaeuser shares during the second quarter, valued at approximately $2.07 million. Institutional investors and hedge funds collectively own 82.99% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $28.67, compared with the stock’s reported price of $23.04.
• Weyerhaeuser exceeded quarterly earnings expectations with EPS of $0.13 versus the $0.08 estimate, though revenue declined 8.3% year over year. The company also declared a quarterly dividend of $0.21 per share, representing a 3.6% yield.

Nykredit A S acquired a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 86,620 shares of the real estate investment trust's stock, valued at approximately $2,074,000.

A number of other large investors also recently bought and sold shares of WY. Essential Partners LLC boosted its stake in Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,208 shares during the period. Nvwm LLC raised its stake in shares of Weyerhaeuser by 174.7% in the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 800 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 617 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter worth approximately $35,000. Finally, Addison Advisors LLC boosted its position in shares of Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 757 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WY shares. DA Davidson reiterated a "buy" rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. Weiss Ratings raised Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, September 3rd. Finally, Citigroup cut their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.67.

Weyerhaeuser Price Performance

WY stock opened at $23.04 on Tuesday. The business's 50-day moving average is $24.08 and its two-hundred day moving average is $24.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The firm has a market capitalization of $16.61 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.23 and a beta of 0.87. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.75.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. Analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 4th. Weyerhaeuser's payout ratio is 129.23%.

About Weyerhaeuser

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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