Duff & Phelps Investment Management Co. Buys 25,554 Shares of Weyerhaeuser (NYSE:WY)

Duff & Phelps Investment Management Co. boosted its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 306,634 shares of the real estate investment trust's stock after purchasing an additional 25,554 shares during the period. Duff & Phelps Investment Management Co.'s holdings in Weyerhaeuser were worth $10,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Weyerhaeuser by 9.6% during 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 buying an additional 153,919 shares during the last quarter. Groupama Asset Managment lifted its holdings in Weyerhaeuser by 2.1% in the third quarter. Groupama Asset Managment now owns 58,253 shares of the real estate investment trust's stock valued at $1,972,000 after acquiring an additional 1,199 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Weyerhaeuser by 7.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 222,000 shares of the real estate investment trust's stock valued at $7,517,000 after buying an additional 15,403 shares during the period. MML Investors Services LLC raised its holdings in Weyerhaeuser by 7.9% in the 3rd quarter. MML Investors Services LLC now owns 76,897 shares of the real estate investment trust's stock worth $2,604,000 after purchasing an additional 5,632 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Weyerhaeuser by 80.1% in the third quarter. National Bank of Canada FI now owns 381,245 shares of the real estate investment trust's stock worth $12,909,000 after purchasing an additional 169,614 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WY. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Friday. Truist Financial increased their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Finally, StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.33.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O'rourke bought 7,800 shares of the business's stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Up 1.4 %

Shares of WY stock traded up $0.45 during trading hours on Monday, hitting $31.74. The company had a trading volume of 3,149,752 shares, compared to its average volume of 3,585,366. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $23.06 billion, a PE ratio of 42.28 and a beta of 1.40. The company's fifty day moving average is $31.98 and its 200 day moving average is $30.84. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's payout ratio is currently 108.11%.

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.