Vestmark Advisory Solutions Inc. Buys New Shares in Weyerhaeuser Company $WY

Vestmark Advisory Solutions Inc. acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,834 shares of the real estate investment trust’s stock, valued at approximately $715,000.

A number of other institutional investors have also added to or reduced their stakes in WY. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Weyerhaeuser by 284.8% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 687,750 shares of the real estate investment trust’s stock worth $17,668,000 after purchasing an additional 509,036 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in Weyerhaeuser during the 2nd quarter valued at $290,000. Cetera Trust Company N.A acquired a new position in Weyerhaeuser during the second quarter worth $170,000. Andra AP fonden lifted its stake in shares of Weyerhaeuser by 35.9% in the second quarter. Andra AP fonden now owns 352,000 shares of the real estate investment trust’s stock valued at $9,043,000 after buying an additional 92,900 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Weyerhaeuser by 1.0% during the second quarter. Resona Asset Management Co. Ltd. now owns 131,188 shares of the real estate investment trust’s stock valued at $3,377,000 after buying an additional 1,345 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup cut their price target on Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, October 27th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Truist Financial decreased their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Weiss Ratings cut Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Weyerhaeuser Stock Up 0.3%

WY stock opened at $22.75 on Wednesday. The stock has a market cap of $16.40 billion, a P/E ratio of 59.87, a P/E/G ratio of 244.04 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $24.18 and its two-hundred day simple moving average is $25.38. Weyerhaeuser Company has a 1-year low of $22.28 and a 1-year high of $32.70.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. Analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

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.