GAMMA Investing LLC Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

GAMMA Investing LLC lifted its position in Weyerhaeuser (NYSE:WY - Free Report) by 3,511.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 459,182 shares of the real estate investment trust's stock after purchasing an additional 446,467 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Weyerhaeuser worth $13,445,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WY. CIBC lowered their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. Truist Financial lowered their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Citigroup lowered their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price for the company. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned 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 company has a consensus rating of "Moderate Buy" and an average target price of $33.25.

Weyerhaeuser Stock Up 0.1%

Shares of WY opened at $26.74 on Friday. The stock has a market capitalization of $19.39 billion, a PE ratio of 48.62, a P/E/G ratio of 4.74 and a beta of 1.16. Weyerhaeuser has a 1 year low of $24.10 and a 1 year 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. The company's 50-day simple moving average is $25.95 and its 200-day simple moving average is $28.49.

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

Weyerhaeuser Announces Dividend

The company 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 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership 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.

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