Quantbot Technologies LP Grows Stake in Weyerhaeuser Company $WY

Key Points

• Quantbot Technologies LP increased its stake in Weyerhaeuser Company by 428.4% in Q1, owning 64,663 shares worth approximately $1.89 million.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, with a dividend yield of 3.3%, and a payout ratio of 221.05%.
• Analyst ratings for Weyerhaeuser vary, with a consensus rating of "Moderate Buy" and a target price of $32.88.

Quantbot Technologies LP grew its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 428.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,663 shares of the real estate investment trust's stock after purchasing an additional 52,425 shares during the quarter. Quantbot Technologies LP's holdings in Weyerhaeuser were worth $1,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC grew its holdings in Weyerhaeuser by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock valued at $2,171,000 after buying an additional 1,524 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock valued at $276,000 after buying an additional 6,622 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock valued at $1,087,000 after buying an additional 17,132 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Weyerhaeuser during the first quarter valued at $119,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WY has been the topic of a number of research analyst reports. DA Davidson dropped their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Truist Financial dropped their price objective 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. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, Citigroup dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

Weyerhaeuser Price Performance

NYSE:WY opened at $25.7550 on Friday. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 79.69 and a beta of 1.08. The firm's fifty day moving average is $25.94 and its two-hundred day moving average is $27.09.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.21 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Weyerhaeuser's dividend payout ratio is 221.05%.

Weyerhaeuser declared that its Board of Directors has authorized a share repurchase program on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Weyerhaeuser 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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