Azzad Asset Management Inc. ADV Takes Position in Weyerhaeuser (NYSE:WY)

Azzad Asset Management Inc. ADV purchased a new position in Weyerhaeuser (NYSE:WY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 103,517 shares of the real estate investment trust's stock, valued at approximately $3,031,000.

A number of other large investors have also bought and sold shares of the stock. Waverly Advisors LLC grew its holdings in Weyerhaeuser by 3.3% in the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 343 shares during the period. Texas Yale Capital Corp. grew its holdings in Weyerhaeuser by 4.0% in the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 385 shares during the period. Quadrant Capital Group LLC grew its holdings in Weyerhaeuser by 13.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 416 shares during the period. Unison Advisors LLC grew its holdings in Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after purchasing an additional 419 shares during the period. Finally, Wahed Invest LLC grew its holdings in Weyerhaeuser by 2.4% in the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 420 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WY has been the subject of a number of research reports. Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report 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. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. CIBC dropped their price objective 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. Finally, Truist Financial dropped their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.25.

Weyerhaeuser Stock Down 1.8%

Shares of WY traded down $0.49 during trading hours on Friday, reaching $26.81. 2,808,114 shares of the stock traded hands, compared to its average volume of 3,799,688. 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 stock has a fifty day simple moving average of $26.00 and a 200 day simple moving average of $28.32. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 4.74 and a beta of 1.16.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $0.16 earnings per share. The firm's revenue was down 4.9% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.13%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio is 168.00%.

Weyerhaeuser announced that its Board of Directors has approved a stock repurchase program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is 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.