Cbre Investment Management Listed Real Assets LLC Grows Stock Holdings 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 increased its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 64.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,714 shares of the real estate investment trust's stock after purchasing an additional 69,847 shares during the period. Cbre Investment Management Listed Real Assets LLC's holdings in Weyerhaeuser were worth $5,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WY. NewEdge Advisors LLC raised its position in shares of Weyerhaeuser by 4.4% during the 4th quarter. NewEdge Advisors LLC now owns 17,377 shares of the real estate investment trust's stock valued at $489,000 after purchasing an additional 726 shares during the period. MML Investors Services LLC raised its position in shares of Weyerhaeuser by 10.0% during the 4th quarter. MML Investors Services LLC now owns 84,590 shares of the real estate investment trust's stock valued at $2,381,000 after purchasing an additional 7,693 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Weyerhaeuser by 136.1% during 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 purchasing an additional 807 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Weyerhaeuser by 12.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 13,880 shares of the real estate investment trust's stock valued at $391,000 after purchasing an additional 1,490 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at $235,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were 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. This trade represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.27% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY traded down $0.34 on Thursday, reaching $25.79. The company's stock had a trading volume of 1,029,933 shares, compared to its average volume of 4,063,909. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a market cap of $18.60 billion, a P/E ratio of 67.83, a PEG ratio of 80.15 and a beta of 1.08. The company has a 50-day simple moving average of $25.94 and a 200 day simple moving average of $26.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is presently 221.05%.

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

About Weyerhaeuser

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.