Strs Ohio Acquires Shares of 192,435 Weyerhaeuser Company $WY

Key Points

• Strs Ohio acquired a stake of 192,435 shares in Weyerhaeuser Company, valued at approximately $5.6 million, during the 1st quarter of the year.
• Weyerhaeuser recently experienced a 3.4% decline in share price, with current trading at $24.94 and a market capitalization of $17.99 billion.
• The company announced a quarterly dividend of $0.21 per share, reflecting an annualized yield of 3.4%, with a high payout ratio of 221.05%.

Strs Ohio acquired a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 192,435 shares of the real estate investment trust's stock, valued at approximately $5,634,000.

Several other institutional investors also recently bought and sold shares of the company. Waverly Advisors LLC increased its stake in Weyerhaeuser by 3.3% in the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 343 shares during the period. S.A. Mason LLC increased its stake in Weyerhaeuser by 5.6% in the 1st quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 408 shares during the period. Unison Advisors LLC increased its stake in Weyerhaeuser by 0.7% in the 1st quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust's stock valued at $2,029,000 after buying an additional 455 shares during the period. SPC Financial Inc. increased its stake in Weyerhaeuser by 3.5% in the 1st quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust's stock valued at $427,000 after buying an additional 500 shares during the period. Finally, State of Wyoming increased its stake in Weyerhaeuser by 20.3% in the 4th quarter. State of Wyoming now owns 3,020 shares of the real estate investment trust's stock valued at $85,000 after buying an additional 510 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. DA Davidson lowered their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Truist Financial lowered their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $32.75.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company's stock.

Weyerhaeuser Trading Down 3.4%

Shares of Weyerhaeuser stock opened at $24.94 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The company has a market capitalization of $17.99 billion, a P/E ratio of 65.63, a P/E/G ratio of 78.75 and a beta of 1.07. The business has a 50 day moving average price of $25.76 and a 200 day moving average price of $26.58.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.21 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser's payout ratio is currently 221.05%.

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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.