Vivaldi Capital Management LP Makes New Investment in Weyerhaeuser (NYSE:WY)

Vivaldi Capital Management LP acquired a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,977 shares of the real estate investment trust's stock, valued at approximately $462,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. South Plains Financial Inc. purchased a new position in Weyerhaeuser during the 4th quarter worth approximately $25,000. Assetmark Inc. grew its holdings in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at $36,000. TD Waterhouse Canada Inc. grew its holdings in shares of Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 807 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at $44,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on WY. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC lowered their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.75.

Weyerhaeuser Stock Down 0.9%

Weyerhaeuser stock opened at $26.49 on Tuesday. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The firm has a fifty day moving average price of $26.97 and a two-hundred day moving average price of $28.98.

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 firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio is 168.00%.

Weyerhaeuser declared that its board has authorized a share buyback program 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 buy up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are 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.

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