IFM Investors Pty Ltd Has $4.92 Million Stake in Weyerhaeuser Company (NYSE:WY)

IFM Investors Pty Ltd boosted its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,910 shares of the real estate investment trust's stock after buying an additional 17,387 shares during the period. IFM Investors Pty Ltd's holdings in Weyerhaeuser were worth $4,916,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. South Plains Financial Inc. acquired a new stake in Weyerhaeuser in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser in the first quarter valued at about $31,000. Assetmark Inc. boosted its stake in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 922 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Weyerhaeuser by 136.1% in 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 in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 1.1%

NYSE WY opened at $26.41 on Monday. The business's 50-day moving average price is $26.19 and its two-hundred day moving average price is $27.85. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The firm has a market capitalization of $19.15 billion, a PE ratio of 52.81, a price-to-earnings-growth ratio of 39.23 and a beta of 1.14. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its 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. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the prior year, the business posted $0.16 earnings per share. The firm's revenue was down 4.9% on a year-over-year basis. On average, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Weyerhaeuser announced that its Board of Directors has approved a share buyback 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 buy up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

WY has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. CIBC cut their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Truist Financial cut their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Citigroup cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. cut their price target 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 sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.13.

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.

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