Sarasin & Partners LLP Acquires Shares of 557,166 Weyerhaeuser (NYSE:WY)

Sarasin & Partners LLP bought a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 557,166 shares of the real estate investment trust's stock, valued at approximately $16,314,000. Sarasin & Partners LLP owned about 0.08% of Weyerhaeuser at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. South Plains Financial Inc. purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth about $27,000. Assetmark Inc. increased its holdings in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 922 shares during the last quarter. Asset Planning Inc purchased a new stake in Weyerhaeuser in the 4th quarter worth about $36,000. Finally, TD Waterhouse Canada Inc. increased its holdings in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 807 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday. Truist Financial decreased their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. CIBC decreased their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.25.

Weyerhaeuser Price Performance

Shares of WY traded up $0.53 during trading hours on Thursday, reaching $26.82. 2,132,200 shares of the company's stock traded hands, compared to its average volume of 3,791,512. The firm's 50 day simple moving average is $26.05 and its 200-day simple moving average is $28.55. The stock has a market cap of $19.45 billion, a PE ratio of 48.76, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. Weyerhaeuser has a 12 month low of $24.10 and a 12 month 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 released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Weyerhaeuser's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. Equities analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

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

Weyerhaeuser announced that its board has authorized a share 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 buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.