Quantbot Technologies LP Purchases Shares of 490,598 Weyerhaeuser (NYSE:WY)

Quantbot Technologies LP purchased a new position in Weyerhaeuser (NYSE:WY) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 490,598 shares of the real estate investment trust’s stock, valued at approximately $13,928,000. Weyerhaeuser comprises approximately 0.7% of Quantbot Technologies LP’s holdings, making the stock its 8th largest holding.

Other large investors have also modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth $101,000. Avantax Advisory Services Inc. raised its stake in shares of Weyerhaeuser by 5.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,696 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 544 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Weyerhaeuser by 14.0% during the fourth quarter. Quadrant Capital Group LLC now owns 3,426 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 420 shares during the period. Kingsview Wealth Management LLC boosted its position in Weyerhaeuser by 6.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,379 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 445 shares during the last quarter. Finally, ING Groep NV increased its holdings in Weyerhaeuser by 8.9% in the 4th quarter. ING Groep NV now owns 99,939 shares of the real estate investment trust’s stock worth $3,475,000 after buying an additional 8,200 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity

In related news, Director Albert Monaco bought 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $32.45 on Monday. The firm has a market cap of $23.60 billion, a PE ratio of 29.50 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $30.42 and a 200 day moving average price of $31.23.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Wall Street Analysts Forecast Growth

WY has been the subject of several research reports. DA Davidson decreased their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Truist Financial lowered their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Royal Bank of Canada upped their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Citigroup reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.83.

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.