Adelante Capital Management LLC Invests $1.55 Million in Weyerhaeuser Company $WY

Adelante Capital Management LLC bought a new position in Weyerhaeuser Company (NYSE:WY - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,703 shares of the real estate investment trust's stock, valued at approximately $1,549,000.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Weyerhaeuser by 4.4% during the fourth quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust's stock worth $980,250,000 after buying an additional 1,731,315 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Weyerhaeuser by 166.1% during the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust's stock valued at $891,242,000 after purchasing an additional 23,485,504 shares during the period. State Street Corp raised its stake in shares of Weyerhaeuser by 1.7% during the fourth quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust's stock valued at $782,513,000 after purchasing an additional 562,781 shares in the last quarter. Norges Bank acquired a new position in Weyerhaeuser during the 4th quarter valued at about $549,531,000. Finally, Geode Capital Management LLC increased its stake in Weyerhaeuser by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust's stock valued at $479,155,000 after buying an additional 225,227 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

NYSE WY opened at $24.09 on Thursday. The stock's 50-day moving average price is $24.32 and its two-hundred day moving average price is $24.40. The company has a market cap of $17.36 billion, a PE ratio of 37.06, a PEG ratio of 1.28 and a beta of 0.89. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. 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, beating analysts' consensus estimates of $0.08 by $0.05. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm's revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser's payout ratio is 129.23%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Sunday, August 2nd. Truist Financial restated a "hold" rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $30.00 target price on shares of Weyerhaeuser in a research note on Friday, July 17th. Finally, DA Davidson reaffirmed a "buy" rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and an average target price of $29.00.

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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