Accordant Advisory Group Inc Has $3.39 Million Holdings in Weyerhaeuser (NYSE:WY)

Accordant Advisory Group Inc lifted its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 42.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,705 shares of the real estate investment trust's stock after purchasing an additional 34,194 shares during the quarter. Weyerhaeuser accounts for 3.3% of Accordant Advisory Group Inc's portfolio, making the stock its 12th largest position. Accordant Advisory Group Inc's holdings in Weyerhaeuser were worth $3,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. South Plains Financial Inc. acquired a new stake in Weyerhaeuser in the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the 4th quarter valued at $27,000. Assetmark Inc. increased its stake in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the 4th quarter valued at $36,000. Finally, TD Waterhouse Canada Inc. increased its stake in Weyerhaeuser by 136.1% in the 4th 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 during the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on WY. Citigroup lowered their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Truist Financial decreased their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Finally, CIBC decreased their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus target price of $33.25.

Weyerhaeuser Price Performance

NYSE:WY traded down $0.05 on Thursday, hitting $27.31. The company had a trading volume of 2,332,220 shares, compared to its average volume of 3,801,660. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 49.66, a PEG ratio of 4.74 and a beta of 1.16. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $25.93 and a two-hundred day moving average of $28.42. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03.

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

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's payout ratio is 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a stock buyback plan 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 buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.