Arrowstreet Capital Limited Partnership Acquires 460,729 Shares of Weyerhaeuser (NYSE:WY)

Arrowstreet Capital Limited Partnership lifted its stake in Weyerhaeuser (NYSE:WY) by 33.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,851,882 shares of the real estate investment trust’s stock after purchasing an additional 460,729 shares during the period. Arrowstreet Capital Limited Partnership owned 0.25% of Weyerhaeuser worth $52,130,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allianz SE bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $380,000. Allstate Corp purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $611,000. Pictet Asset Management Holding SA lifted its holdings in Weyerhaeuser by 4.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,057,445 shares of the real estate investment trust’s stock valued at $142,367,000 after purchasing an additional 201,614 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Weyerhaeuser by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 222,631 shares of the real estate investment trust’s stock valued at $6,267,000 after purchasing an additional 631 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $638,470,000. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WY shares. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $29.11 on Wednesday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $35.50. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $29.97 and its 200 day moving average is $30.67. The company has a market cap of $21.13 billion, a price-to-earnings ratio of 52.92, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Sell-side analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

About Weyerhaeuser

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.