Exchange Traded Concepts LLC Takes $233,000 Position in Weyerhaeuser (NYSE:WY)

Exchange Traded Concepts LLC bought a new stake in Weyerhaeuser (NYSE:WY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,868 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser in the second quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the 1st quarter worth approximately $33,000. Park Place Capital Corp raised its position in Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in Weyerhaeuser in the 1st quarter worth approximately $36,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WY shares. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Truist Financial boosted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Price Performance

WY opened at $33.06 on Monday. The company has a fifty day moving average price of $31.86 and a two-hundred day moving average price of $30.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a market capitalization of $24.05 billion, a PE ratio of 32.10 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.32 EPS. Weyerhaeuser’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts anticipate that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 77.67%.

Insider Activity

In other news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

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.