18,400 Shares in Weyerhaeuser (NYSE:WY) Acquired by Curat Global LLC

Curat Global LLC purchased a new position in Weyerhaeuser (NYSE:WY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,400 shares of the real estate investment trust's stock, valued at approximately $539,000.

Other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp increased its stake in Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after purchasing an additional 1,373 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Weyerhaeuser by 36.7% during the 4th quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 3,084 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Weyerhaeuser by 16.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust's stock valued at $8,596,000 after acquiring an additional 42,630 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Weyerhaeuser during the 4th quarter valued at about $365,000. Finally, Principal Securities Inc. grew its stake in Weyerhaeuser by 12.2% during the 4th quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 779 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 0.1%

Shares of NYSE WY traded up $0.04 during trading hours on Friday, hitting $26.74. The stock had a trading volume of 4,793,266 shares, compared to its average volume of 3,811,343. The company has a market capitalization of $19.39 billion, a P/E ratio of 48.62, a P/E/G ratio of 4.74 and a beta of 1.16. The firm's 50-day moving average price is $26.00 and its two-hundred day moving average price is $28.52. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced 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. The business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. Analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has authorized a stock buyback program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.14%. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup lowered their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday. CIBC lowered their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.25.

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.