Gotham Asset Management LLC Purchases 144,479 Shares of Weyerhaeuser (NYSE:WY)

Gotham Asset Management LLC lifted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 301.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,486 shares of the real estate investment trust's stock after purchasing an additional 144,479 shares during the period. Gotham Asset Management LLC's holdings in Weyerhaeuser were worth $5,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Weyerhaeuser by 9.6% in the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock valued at $59,406,000 after purchasing an additional 153,919 shares during the period. Czech National Bank grew its stake in Weyerhaeuser by 6.3% during the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after buying an additional 9,377 shares during the period. Eastern Bank grew its stake in Weyerhaeuser by 82.2% during the fourth quarter. Eastern Bank now owns 3,900 shares of the real estate investment trust's stock worth $110,000 after buying an additional 1,760 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 486 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in shares of Weyerhaeuser by 4.2% during the fourth quarter. 180 Wealth Advisors LLC now owns 24,549 shares of the real estate investment trust's stock worth $691,000 after purchasing an additional 981 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on WY shares. Truist Financial cut their price target 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. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. CIBC reduced their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" 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 research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's 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 Stock Up 0.9%

Shares of Weyerhaeuser stock traded up $0.25 during midday trading on Friday, reaching $26.72. 2,323,410 shares of the company's stock traded hands, compared to its average volume of 3,748,584. The company has a market cap of $19.38 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The company's 50 day simple moving average is $27.03 and its 200 day simple moving average is $29.05. 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 has a 52 week low of $24.10 and a 52 week high of $34.03.

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

Weyerhaeuser declared that its Board of Directors has initiated a stock repurchase plan 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 purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.14%. Weyerhaeuser's dividend payout ratio is 168.00%.

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.