Weyerhaeuser (NYSE:WY) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 130.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,627 shares of the real estate investment trust's stock after purchasing an additional 19,625 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Weyerhaeuser were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cohen & Steers Inc. grew its holdings in shares of Weyerhaeuser by 57.5% in the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares during the period. Norges Bank acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $638,470,000. Geode Capital Management LLC grew its holdings in Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after buying an additional 637,643 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after buying an additional 158,800 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Weyerhaeuser by 3.5% during the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock valued at $268,498,000 after buying an additional 322,313 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Down 1.0%

Shares of Weyerhaeuser stock traded down $0.26 during trading hours on Monday, reaching $25.66. 3,076,829 shares of the company's stock were exchanged, compared to its average volume of 3,788,846. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 46.65, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The company has a fifty day moving average of $26.19 and a 200-day moving average of $28.58. 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 issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $1.76 billion for 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 business's quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. Sell-side analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal 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. This represents a $0.84 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Weyerhaeuser declared that its board has approved a stock repurchase plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WY shares. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. CIBC lowered their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and a consensus target price of $33.75.

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.