Weyerhaeuser (NYSE:WY) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,238 shares of the real estate investment trust's stock after selling 9,626 shares during the quarter. Quantbot Technologies LP's holdings in Weyerhaeuser were worth $344,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Cerity Partners LLC grew its stake in shares of Weyerhaeuser by 17.5% during the third quarter. Cerity Partners LLC now owns 154,321 shares of the real estate investment trust's stock valued at $5,225,000 after buying an additional 23,023 shares during the last quarter. Bank of Montreal Can grew its position in Weyerhaeuser by 29.3% in the 3rd quarter. Bank of Montreal Can now owns 970,717 shares of the real estate investment trust's stock valued at $32,762,000 after acquiring an additional 220,142 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Weyerhaeuser by 27.2% in the third quarter. BNP Paribas Financial Markets now owns 1,467,914 shares of the real estate investment trust's stock worth $49,704,000 after purchasing an additional 313,583 shares during the period. Townsquare Capital LLC bought a new stake in shares of Weyerhaeuser during the third quarter worth $297,000. Finally, Fiduciary Trust Co boosted its stake in shares of Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock valued at $1,801,000 after purchasing an additional 331 shares during the period. Institutional investors own 82.99% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WY. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. BMO Capital Markets upgraded 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. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Stock Up 0.7 %

Shares of NYSE WY traded up $0.20 during mid-day trading on Wednesday, reaching $29.34. 1,299,918 shares of the company were exchanged, compared to its average volume of 3,618,964. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $35.50. The firm has a 50-day moving average of $29.97 and a 200 day moving average of $30.67. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 53.30, a P/E/G ratio of 4.74 and a beta of 1.43. 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 (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.86%. Weyerhaeuser's dividend payout ratio is presently 152.73%.

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.