D. E. Shaw & Co. Inc. Boosts Position in Weyerhaeuser (NYSE:WY)

D. E. Shaw & Co. Inc. lifted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 101.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,681 shares of the real estate investment trust's stock after acquiring an additional 71,447 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Weyerhaeuser were worth $3,988,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Deutsche Bank AG increased its holdings in Weyerhaeuser by 43.6% during the 4th quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust's stock worth $118,140,000 after acquiring an additional 1,273,217 shares during the period. Deprince Race & Zollo Inc. increased its stake in Weyerhaeuser by 96.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 899,773 shares of the real estate investment trust's stock worth $25,329,000 after acquiring an additional 442,088 shares during the last quarter. Dean Capital Management purchased a new stake in Weyerhaeuser in the fourth quarter valued at approximately $1,441,000. Colonial Trust Co SC raised its position in shares of Weyerhaeuser by 16.0% during the 4th quarter. Colonial Trust Co SC now owns 3,495 shares of the real estate investment trust's stock valued at $98,000 after buying an additional 483 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of Weyerhaeuser by 2.0% during the 4th quarter. Cresset Asset Management LLC now owns 33,043 shares of the real estate investment trust's stock worth $930,000 after acquiring an additional 656 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Down 3.9%

WY stock traded down $1.02 during midday trading on Wednesday, hitting $25.19. The company had a trading volume of 4,249,870 shares, compared to its average volume of 3,736,407. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 52 week low of $24.10 and a 52 week 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. The stock's 50 day moving average price is $26.92 and its 200 day moving average price is $28.96.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. As a group, equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser announced that its board has initiated a stock buyback program on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.