UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 3,220,235 Shares of Weyerhaeuser (NYSE:WY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 257.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,472,451 shares of the real estate investment trust's stock after purchasing an additional 3,220,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.62% of Weyerhaeuser worth $151,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WY. Cetera Investment Advisers increased its stake in Weyerhaeuser by 115.1% during the 1st quarter. Cetera Investment Advisers now owns 68,988 shares of the real estate investment trust's stock valued at $2,477,000 after purchasing an additional 36,914 shares in the last quarter. Cetera Advisors LLC increased its stake in Weyerhaeuser by 83.9% during the 1st quarter. Cetera Advisors LLC now owns 21,698 shares of the real estate investment trust's stock valued at $779,000 after purchasing an additional 9,896 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Weyerhaeuser by 1.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 497,254 shares of the real estate investment trust's stock valued at $17,784,000 after purchasing an additional 6,629 shares in the last quarter. Park Place Capital Corp increased its stake in Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Weyerhaeuser by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 11,536 shares of the real estate investment trust's stock valued at $328,000 after purchasing an additional 1,126 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Weyerhaeuser Price Performance

NYSE:WY traded up $0.11 during trading hours on Friday, hitting $32.26. 2,107,947 shares of the stock traded hands, compared to its average volume of 2,933,091. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a market cap of $23.44 billion, a price-to-earnings ratio of 43.59 and a beta of 1.40. The stock has a 50 day moving average price of $32.18 and a 200 day moving average price of $30.83.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating 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 business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company's revenue for the quarter was down 13.3% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 2.48%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's payout ratio is currently 108.11%.

Insider Activity

In related news, Director James Calvin O'rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

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.