Magnetar Financial LLC Takes $1.02 Million Position in Weyerhaeuser (NYSE:WY)

Magnetar Financial LLC bought a new stake in Weyerhaeuser (NYSE:WY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,278 shares of the real estate investment trust’s stock, valued at approximately $1,015,000.

A number of other institutional investors also recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in Weyerhaeuser in the first quarter valued at about $340,000. Canada Pension Plan Investment Board raised its stake in Weyerhaeuser by 0.5% in the first quarter. Canada Pension Plan Investment Board now owns 2,416,156 shares of the real estate investment trust’s stock valued at $86,764,000 after purchasing an additional 11,000 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Weyerhaeuser in the first quarter valued at about $270,000. Vident Advisory LLC raised its stake in Weyerhaeuser by 268.5% in the first quarter. Vident Advisory LLC now owns 102,181 shares of the real estate investment trust’s stock valued at $3,669,000 after purchasing an additional 74,452 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in Weyerhaeuser by 18.2% during the first quarter. Shell Asset Management Co. now owns 108,417 shares of the real estate investment trust’s stock worth $3,893,000 after acquiring an additional 16,675 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 4.3 %

Shares of Weyerhaeuser stock traded up $1.29 on Friday, reaching $31.60. 4,898,545 shares of the company’s stock were exchanged, compared to its average volume of 3,600,281. The company has a market capitalization of $23.04 billion, a P/E ratio of 28.73 and a beta of 1.39. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The firm’s 50-day moving average is $29.24 and its two-hundred day moving average is $31.82.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.17% and a net margin of 9.89%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Sell-side analysts predict that Weyerhaeuser will post 0.79 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Analysts Set New Price Targets

WY has been the subject of several research analyst reports. Truist Financial lowered their target price on Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating for the company in a research note on Tuesday, July 16th. Royal Bank of Canada lowered their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $36.00.

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.