Weyerhaeuser (NYSE:WY) Stock Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 126.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,616 shares of the real estate investment trust's stock after acquiring an additional 21,596 shares during the period. Quantinno Capital Management LP's holdings in Weyerhaeuser were worth $1,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WY. South Plains Financial Inc. purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at $25,000. Assetmark Inc. lifted its stake in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser in the fourth quarter worth about $36,000. TD Waterhouse Canada Inc. grew its stake in shares of Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 807 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $44,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WY shares. CIBC decreased 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. Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Truist Financial dropped 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. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Stock Performance

WY stock traded down $0.07 during trading on Wednesday, hitting $25.76. 458,338 shares of the company's stock traded hands, compared to its average volume of 3,742,760. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 46.87, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a fifty day moving average price of $26.46 and a two-hundred day moving average price of $28.74. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's payout ratio is 168.00%.

Weyerhaeuser declared that its board has initiated a share buyback plan on Thursday, May 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors 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.