Duff & Phelps Investment Management Co. Has $5.61 Million Holdings in Weyerhaeuser Company $WY

Duff & Phelps Investment Management Co. lifted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 42.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,334 shares of the real estate investment trust’s stock after purchasing an additional 64,800 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Weyerhaeuser were worth $5,609,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser during the 1st quarter worth $29,000. Costello Asset Management INC bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at $32,000. Hantz Financial Services Inc. grew its holdings in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 521 shares in the last quarter. Marshall Investment Management LLC bought a new position in shares of Weyerhaeuser in the first quarter worth $36,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Weyerhaeuser in the first quarter worth $40,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 1.4%

WY stock opened at $22.13 on Monday. The firm has a 50-day moving average price of $23.99 and a 200-day moving average price of $25.30. Weyerhaeuser Company has a 12 month low of $22.10 and a 12 month high of $32.70. 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 has a market capitalization of $15.95 billion, a P/E ratio of 58.23, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, November 28th. Weyerhaeuser’s dividend payout ratio is presently 186.67%.

Wall Street Analysts Forecast Growth

WY has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a research report on Thursday. Truist Financial dropped their target price on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. CIBC cut their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, DA Davidson lowered their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

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.