Schonfeld Strategic Advisors LLC Acquires Shares of 970,936 Weyerhaeuser (NYSE:WY)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 970,936 shares of the real estate investment trust's stock, valued at approximately $27,332,000. Schonfeld Strategic Advisors LLC owned about 0.13% of Weyerhaeuser as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Weyerhaeuser by 3.5% during the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after purchasing an additional 322,313 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Weyerhaeuser by 2.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,165,085 shares of the real estate investment trust's stock worth $32,797,000 after buying an additional 23,725 shares during the period. Quarry LP bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $146,000. Boothbay Fund Management LLC grew its position in shares of Weyerhaeuser by 11.9% in the 4th quarter. Boothbay Fund Management LLC now owns 14,013 shares of the real estate investment trust's stock valued at $394,000 after buying an additional 1,495 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Weyerhaeuser during the fourth quarter worth about $235,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

WY has been the topic of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. 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 research report on Tuesday, April 22nd. Finally, CIBC lowered their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser Stock Up 1.4 %

NYSE:WY traded up $0.36 on Friday, hitting $26.18. The stock had a trading volume of 3,512,765 shares, compared to its average volume of 3,730,454. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The business's fifty day moving average is $27.94 and its 200 day moving average is $29.51. The company has a market cap of $19.00 billion, a PE ratio of 47.60, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm posted $0.16 EPS. Weyerhaeuser's revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Friday, March 7th. Weyerhaeuser's payout ratio is currently 168.00%.

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.