Royal Bank of Canada Buys 123,059 Shares of Weyerhaeuser (NYSE:WY)

Royal Bank of Canada lifted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,965,757 shares of the real estate investment trust's stock after buying an additional 123,059 shares during the quarter. Royal Bank of Canada owned about 0.27% of Weyerhaeuser worth $55,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC grew its position in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after purchasing an additional 357 shares in the last quarter. Texas Yale Capital Corp. grew its position in shares of Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 385 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 416 shares in the last quarter. Unison Advisors LLC grew its position in shares of Weyerhaeuser by 0.6% during the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after purchasing an additional 419 shares in the last quarter. Finally, Wahed Invest LLC grew its position in shares of Weyerhaeuser by 2.4% during the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on WY shares. CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target for the company. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, Truist Financial cut their price target on 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $26.20 on Wednesday. The stock has a market cap of $19.00 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a 50 day moving average price of $26.92 and a 200-day moving average price of $28.96. Weyerhaeuser has a one year low of $24.10 and a one 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 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. Equities analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

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

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.

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