Barclays PLC lifted its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,754,479 shares of the real estate investment trust's stock after buying an additional 153,919 shares during the period. Barclays PLC owned approximately 0.24% of Weyerhaeuser worth $59,406,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Weyerhaeuser by 0.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,791 shares of the real estate investment trust's stock worth $1,754,000 after buying an additional 550 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Weyerhaeuser by 11.0% during the second quarter. Assenagon Asset Management S.A. now owns 93,751 shares of the real estate investment trust's stock worth $2,662,000 after purchasing an additional 9,327 shares in the last quarter. Blue Trust Inc. lifted its position in Weyerhaeuser by 36.8% in the second quarter. Blue Trust Inc. now owns 9,811 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 2,637 shares during the period. Accordant Advisory Group Inc lifted its position in Weyerhaeuser by 1.2% in the second quarter. Accordant Advisory Group Inc now owns 80,276 shares of the real estate investment trust's stock worth $2,279,000 after purchasing an additional 942 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in Weyerhaeuser by 4.4% during the 2nd quarter. Sarasin & Partners LLP now owns 581,137 shares of the real estate investment trust's stock valued at $16,498,000 after purchasing an additional 24,400 shares in the last quarter. 82.99% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on WY. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Friday, December 6th. Finally, Truist Financial lifted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $36.33.
Check Out Our Latest Research Report on WY
Weyerhaeuser Trading Down 1.2 %
Shares of NYSE:WY traded down $0.36 during midday trading on Friday, reaching $30.04. The company had a trading volume of 3,175,969 shares, compared to its average volume of 3,588,261. The company has a fifty day simple moving average of $31.78 and a two-hundred day simple moving average of $30.85. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 40.62 and a beta of 1.40. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same period last year, the company posted $0.33 earnings per share. The business's revenue for the quarter was down 13.3% on a year-over-year basis. Research analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.
Weyerhaeuser Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser's payout ratio is 108.11%.
About Weyerhaeuser
(
Free Report)
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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