Quarry LP Buys New Stake in Weyerhaeuser (NYSE:WY)

Quarry LP bought a new stake in Weyerhaeuser (NYSE:WY) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 5,194 shares of the real estate investment trust’s stock, valued at approximately $146,000.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. increased its holdings in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc purchased a new stake in Weyerhaeuser in the 4th quarter worth $36,000. TD Waterhouse Canada Inc. increased its holdings in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 807 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Weyerhaeuser in the 4th quarter worth $44,000. Finally, Graney & King LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WY shares. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price for the company. Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. CIBC dropped their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a report on Tuesday, April 22nd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.75.

Weyerhaeuser Trading Up 3.0 %

NYSE WY opened at $25.56 on Tuesday. The firm’s 50-day moving average is $28.18 and its two-hundred day moving average is $29.60. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The stock has a market capitalization of $18.55 billion, a P/E ratio of 46.47, a PEG ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. Weyerhaeuser’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.29%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is presently 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.