Cbre Investment Management Listed Real Assets LLC Increases Stock Position in Weyerhaeuser Company $WY

Key Points

• CBRE Investment Management increased its stake in Weyerhaeuser Company by 64.2%, with total holdings valued at $5.2 million after purchasing 69,847 additional shares.
• Weyerhaeuser reported $0.12 earnings per share, exceeding estimates, with quarterly revenue of $1.88 billion, though down 2.8% year-over-year.
• The company declared a quarterly dividend of $0.21 per share, representing an annual yield of 3.1% and a payout ratio of 221.05%.

Cbre Investment Management Listed Real Assets LLC raised its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 64.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,714 shares of the real estate investment trust's stock after purchasing an additional 69,847 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Weyerhaeuser were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. South Plains Financial Inc. purchased a new stake in Weyerhaeuser in the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new stake in Weyerhaeuser in the 4th quarter valued at approximately $27,000. GKV Capital Management Co. Inc. purchased a new stake in Weyerhaeuser in the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $31,000. Finally, Costello Asset Management INC purchased a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

WY stock opened at $26.78 on Friday. The stock's 50 day moving average price is $25.94 and its 200 day moving average price is $27.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market cap of $19.32 billion, a P/E ratio of 70.48, a PEG ratio of 78.92 and a beta of 1.08. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.1%. Weyerhaeuser's payout ratio is 221.05%.

Weyerhaeuser declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WY shares. Truist Financial decreased their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. DA Davidson reduced their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.88.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 21,478 shares of the company's stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.27% of the company's stock.

Weyerhaeuser 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.

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