Uniplan Investment Counsel Inc. Sells 294,689 Shares of Weyerhaeuser Company $WY

Key Points

• Uniplan Investment Counsel Inc. sold 294,689 shares of Weyerhaeuser Company, reducing its stake by 47.0%, leaving it with 332,013 shares valued at approximately $9.72 million.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, resulting in an annualized yield of 3.2%, with a payout ratio of 221.05%.
• Equity analysts have mixed ratings on Weyerhaeuser, with a consensus rating of "Moderate Buy" and an average price target of $32.88, despite recent price target reductions from several firms.

Uniplan Investment Counsel Inc. reduced its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 47.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 332,013 shares of the real estate investment trust's stock after selling 294,689 shares during the quarter. Weyerhaeuser makes up approximately 0.9% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 29th biggest position. Uniplan Investment Counsel Inc.'s holdings in Weyerhaeuser were worth $9,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Weyerhaeuser in the first quarter worth about $107,330,000. Millennium Management LLC lifted its position in shares of Weyerhaeuser by 2,952.7% during the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust's stock valued at $91,657,000 after buying an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Weyerhaeuser by 63.9% during the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock valued at $212,733,000 after acquiring an additional 2,833,288 shares during the period. Clean Energy Transition LLP purchased a new stake in Weyerhaeuser in the 1st quarter worth approximately $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Weyerhaeuser during the 1st quarter worth approximately $53,061,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WY shares. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Citigroup lowered their target price 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. JPMorgan Chase & Co. cut their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. DA Davidson decreased their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, Truist Financial lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.88.

Weyerhaeuser Stock Up 2.2%

Shares of WY stock opened at $26.10 on Friday. The company's fifty day simple moving average is $25.85 and its two-hundred day simple moving average is $26.76. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a market cap of $18.83 billion, a P/E ratio of 68.69, a PEG ratio of 80.08 and a beta of 1.07. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results 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. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business's revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Weyerhaeuser's dividend payout ratio is 221.05%.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares of the company's stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company's stock.

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.

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