Squarepoint Ops LLC Sells 42,898 Shares of Weyerhaeuser (NYSE:WY)

Squarepoint Ops LLC lessened its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,216 shares of the real estate investment trust's stock after selling 42,898 shares during the period. Squarepoint Ops LLC's holdings in Weyerhaeuser were worth $3,440,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Weyerhaeuser by 9.6% during the 3rd quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock worth $59,406,000 after acquiring an additional 153,919 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Weyerhaeuser by 33.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust's stock valued at $1,203,000 after purchasing an additional 10,601 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Weyerhaeuser by 9.9% in the 4th quarter. Inspire Investing LLC now owns 9,234 shares of the real estate investment trust's stock valued at $260,000 after acquiring an additional 830 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Weyerhaeuser by 13.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,790 shares of the real estate investment trust's stock valued at $219,000 after acquiring an additional 922 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Weyerhaeuser by 4.4% in the 4th quarter. Fifth Third Bancorp now owns 60,185 shares of the real estate investment trust's stock valued at $1,694,000 after acquiring an additional 2,545 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY traded up $0.15 during mid-day trading on Thursday, reaching $26.04. 3,538,248 shares of the company's stock were exchanged, compared to its average volume of 3,759,658. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The firm has a market capitalization of $18.89 billion, a PE ratio of 47.35, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The business's fifty day simple moving average is $26.40 and its two-hundred day simple moving average is $28.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

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

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

Weyerhaeuser Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's payout ratio is currently 168.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WY shares. CIBC decreased their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.