Quantbot Technologies LP Decreases Position in Weyerhaeuser (NYSE:WY)

Quantbot Technologies LP cut its stake in Weyerhaeuser (NYSE:WY - Free Report) by 95.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,864 shares of the real estate investment trust's stock after selling 468,734 shares during the quarter. Quantbot Technologies LP's holdings in Weyerhaeuser were worth $740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in Weyerhaeuser during the 3rd quarter worth about $25,000. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after buying an additional 928 shares during the period. Finally, Bangor Savings Bank raised its holdings 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 acquiring an additional 651 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Trading Down 0.8 %

Shares of NYSE WY traded down $0.25 during midday trading on Tuesday, hitting $31.72. The stock had a trading volume of 763,725 shares, compared to its average volume of 3,587,710. The firm has a market cap of $23.05 billion, a P/E ratio of 43.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company's 50-day simple moving average is $32.15 and its 200 day simple moving average is $30.83.

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

Weyerhaeuser Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WY shares. Argus raised Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. Truist Financial lifted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. Finally, StockNews.com downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $36.33.

Insider Buying and Selling

In related news, Director James Calvin O'rourke purchased 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Weyerhaeuser Company 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.