Sarasin & Partners LLP Invests $13.72 Million in Weyerhaeuser (NYSE:WY)

Sarasin & Partners LLP purchased a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 468,533 shares of the real estate investment trust's stock, valued at approximately $13,719,000. Sarasin & Partners LLP owned 0.06% of Weyerhaeuser at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of WY. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Weyerhaeuser by 25.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,933 shares of the real estate investment trust's stock valued at $2,013,000 after buying an additional 14,549 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Weyerhaeuser during the fourth quarter worth about $365,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Weyerhaeuser by 1.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 102,014 shares of the real estate investment trust's stock worth $2,872,000 after purchasing an additional 1,236 shares during the period. Cidel Asset Management Inc. grew its holdings in Weyerhaeuser by 9.1% in the fourth quarter. Cidel Asset Management Inc. now owns 7,647 shares of the real estate investment trust's stock worth $215,000 after purchasing an additional 637 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of Weyerhaeuser by 13.3% during the fourth quarter. Apollon Wealth Management LLC now owns 15,357 shares of the real estate investment trust's stock valued at $432,000 after purchasing an additional 1,799 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WY has been the topic of several recent research reports. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial lowered their price target on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.25.

Weyerhaeuser Stock Performance

NYSE:WY traded down $0.49 during mid-day trading on Friday, reaching $26.81. The company's stock had a trading volume of 2,808,114 shares, compared to its average volume of 3,797,991. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a market cap of $19.44 billion, a P/E ratio of 48.74, a PEG ratio of 4.74 and a beta of 1.16. The firm's fifty day moving average price is $26.00 and its two-hundred day moving average price is $28.35. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.13%. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Weyerhaeuser announced that its board has approved a share repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are 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.