AEGON ASSET MANAGEMENT UK Plc Sells 181,577 Shares of Weyerhaeuser (NYSE:WY)

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Weyerhaeuser (NYSE:WY - Free Report) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 737,686 shares of the real estate investment trust's stock after selling 181,577 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.10% of Weyerhaeuser worth $21,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. Norges Bank bought a new stake in shares of Weyerhaeuser in the 4th quarter worth $638,470,000. Cohen & Steers Inc. grew its holdings in Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares during the period. Daiwa Securities Group Inc. raised its position in Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock worth $137,417,000 after acquiring an additional 2,685,634 shares in the last quarter. Deutsche Bank AG lifted its holdings in Weyerhaeuser by 43.6% in the 4th quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust's stock valued at $118,140,000 after acquiring an additional 1,273,217 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Weyerhaeuser during the 4th quarter valued at about $27,332,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WY shares. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Citigroup decreased their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. CIBC reduced their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.25.

Weyerhaeuser Stock Up 1.5%

Weyerhaeuser stock traded up $0.41 during trading hours on Thursday, hitting $26.70. The company had a trading volume of 5,811,654 shares, compared to its average volume of 3,899,648. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm has a market capitalization of $19.36 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. The firm's fifty day moving average is $26.05 and its 200-day moving average is $28.55.

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 for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the previous year, the company posted $0.16 EPS. Weyerhaeuser's revenue was down 4.9% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 0.78 earnings per share 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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's payout ratio is currently 168.00%.

Weyerhaeuser announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often 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.