38,000 Shares in Weyerhaeuser (NYSE:WY) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH bought a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 38,000 shares of the real estate investment trust's stock, valued at approximately $1,282,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the third quarter valued at about $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the second quarter valued at about $26,000. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser in the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares in the last quarter. Finally, Bangor Savings Bank boosted its position in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 651 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research analyst reports. Argus raised shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. StockNews.com downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. Finally, Truist Financial boosted their target price 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Hold" and a consensus target price of $36.33.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O'rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares of the company's stock, valued at $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Weyerhaeuser Trading Down 1.5 %

Shares of WY traded down $0.48 on Wednesday, reaching $31.24. 3,131,205 shares of the company's stock were exchanged, compared to its average volume of 3,594,031. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $22.70 billion, a P/E ratio of 42.22 and a beta of 1.40. The business has a 50 day moving average price of $32.08 and a two-hundred day moving average price of $30.84. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

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

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's payout ratio is presently 108.11%.

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.