Rhumbline Advisers Purchases 96,919 Shares of Weyerhaeuser (NYSE:WY)

Rhumbline Advisers increased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,497,152 shares of the real estate investment trust's stock after acquiring an additional 96,919 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Weyerhaeuser worth $43,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of WY. Janney Montgomery Scott LLC grew its position in shares of 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 buying an additional 10,601 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Weyerhaeuser by 5.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 16,733 shares of the real estate investment trust's stock worth $471,000 after buying an additional 806 shares during the last quarter. E. Ohman J or Asset Management AB grew its position in shares of Weyerhaeuser by 8.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 33,900 shares of the real estate investment trust's stock worth $954,000 after buying an additional 2,500 shares during the last quarter. Guidance Capital Inc. bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $897,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Weyerhaeuser by 25.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,933 shares of the real estate investment trust's stock worth $2,013,000 after buying an additional 14,549 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Up 1.5%

NYSE:WY traded up $0.41 during trading hours on Thursday, reaching $26.70. 5,811,732 shares of the company traded hands, compared to its average volume of 3,805,055. The business's 50-day moving average price is $26.05 and its two-hundred day moving average price is $28.55. The stock has a market capitalization of $19.36 billion, a P/E ratio of 48.54, 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 current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser announced that its Board of Directors has approved a stock buyback 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 reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically 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 issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's payout ratio is currently 168.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Citigroup lowered their target price on 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 Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 target price for the company. Finally, Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

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.