Bamco Inc. NY Makes New Investment in Weyerhaeuser (NYSE:WY)

Bamco Inc. NY acquired a new stake in Weyerhaeuser (NYSE:WY) during the 4th quarter, Holdings Channel reports. The firm acquired 54,548 shares of the real estate investment trust’s stock, valued at approximately $1,536,000.

A number of other hedge funds have also recently made changes to their positions in WY. Banque Transatlantique SA bought a new position in Weyerhaeuser during the fourth quarter valued at approximately $152,000. BNP Paribas Financial Markets grew its holdings in shares of Weyerhaeuser by 5.2% in the fourth quarter. BNP Paribas Financial Markets now owns 1,543,638 shares of the real estate investment trust’s stock valued at $43,453,000 after purchasing an additional 75,724 shares in the last quarter. Ameriprise Financial Inc. increased its position in Weyerhaeuser by 9.3% in the fourth quarter. Ameriprise Financial Inc. now owns 1,398,286 shares of the real estate investment trust’s stock worth $39,362,000 after purchasing an additional 118,938 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in Weyerhaeuser during the fourth quarter valued at $219,000. Finally, Ancora Advisors LLC lifted its position in Weyerhaeuser by 17.2% during the fourth quarter. Ancora Advisors LLC now owns 784,379 shares of the real estate investment trust’s stock valued at $22,080,000 after purchasing an additional 114,931 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.2 %

WY opened at $25.86 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $27.78 and its two-hundred day moving average is $29.36. The company has a market capitalization of $18.75 billion, a P/E ratio of 47.01, a PEG ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.25%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 168.00%.

Analysts Set New Price Targets

Several analysts have recently issued reports on WY shares. Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price on the stock. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial cut their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

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.