111 Capital Invests $413,000 in Weyerhaeuser (NYSE:WY)

111 Capital purchased a new stake in Weyerhaeuser (NYSE:WY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,671 shares of the real estate investment trust’s stock, valued at approximately $413,000.

Several other hedge funds have also added to or reduced their stakes in the business. South Plains Financial Inc. bought a new stake in shares of Weyerhaeuser during the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in Weyerhaeuser in the 4th quarter valued at $27,000. Assetmark Inc. grew its holdings in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc bought a new position in Weyerhaeuser during the 4th quarter worth $36,000. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 807 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price target on the stock. CIBC decreased their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd. Truist Financial dropped their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given 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 currently has an average rating of “Moderate Buy” and a consensus price target of $33.75.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $26.04 on Friday. The firm has a 50 day moving average of $26.33 and a 200-day moving average of $28.68. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $18.89 billion, a PE ratio of 47.35, a PEG ratio of 4.74 and a beta of 1.15.

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

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, May 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a stock buyback program on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.