Janus Henderson Group PLC Sells 91,890 Shares of Weyerhaeuser (NYSE:WY)

Janus Henderson Group PLC decreased its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,666 shares of the real estate investment trust's stock after selling 91,890 shares during the period. Janus Henderson Group PLC's holdings in Weyerhaeuser were worth $8,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Truist Financial Corp lifted its stake in shares of Weyerhaeuser by 2.8% during the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after buying an additional 1,373 shares in the last quarter. Sonora Investment Management Group LLC lifted its stake in shares of Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock valued at $1,458,000 after buying an additional 18,698 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 3,084 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Weyerhaeuser by 33.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust's stock worth $1,203,000 after purchasing an additional 10,601 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its holdings in shares of Weyerhaeuser by 3.8% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 344,722 shares of the real estate investment trust's stock valued at $9,704,000 after purchasing an additional 12,674 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $1.02 during mid-day trading on Wednesday, hitting $25.19. 4,249,870 shares of the company's stock traded hands, compared to its average volume of 3,736,407. The company's 50-day moving average is $26.92 and its two-hundred day moving average is $28.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a market capitalization of $18.27 billion, a P/E ratio of 45.81, a PEG ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm 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 revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. On average, equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has authorized a share buyback program 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 purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. CIBC dropped their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.75.

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.