Optas LLC Invests $306,000 in Weyerhaeuser (NYSE:WY)

Optas LLC bought a new position in shares of Weyerhaeuser (NYSE:WY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,444 shares of the real estate investment trust’s stock, valued at approximately $306,000.

A number of other institutional investors have also added to or reduced their stakes in WY. Waverly Advisors LLC increased its stake in Weyerhaeuser by 3.3% in the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 343 shares during the last quarter. Texas Yale Capital Corp. increased its position in shares of Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 385 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 416 shares during the last quarter. Unison Advisors LLC raised its holdings in shares of Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock valued at $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in Weyerhaeuser by 2.4% in the 4th quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 420 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

WY stock opened at $26.81 on Monday. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 48.74, a PEG ratio of 4.74 and a beta of 1.16. The firm’s 50-day moving average price is $26.00 and its two-hundred day moving average price is $28.29. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business earned $0.16 EPS. Weyerhaeuser’s revenue was down 4.9% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has approved a stock buyback program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, May 30th. Weyerhaeuser’s payout ratio is 168.00%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WY. Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price on the stock. Truist Financial lowered their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. Finally, CIBC decreased their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.25.

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.