Heitman Real Estate Securities LLC Boosts Stake in Weyerhaeuser (NYSE:WY)

Heitman Real Estate Securities LLC lifted its position in Weyerhaeuser (NYSE:WY) by 13.8% in the third quarter, Holdings Channel reports. The firm owned 109,938 shares of the real estate investment trust’s stock after acquiring an additional 13,364 shares during the period. Heitman Real Estate Securities LLC’s holdings in Weyerhaeuser were worth $3,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the 3rd quarter valued at about $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $27,000. Finally, Bangor Savings Bank lifted its position in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WY. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.33.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

Weyerhaeuser Stock Down 0.9 %

WY opened at $31.99 on Tuesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The business has a 50-day moving average of $32.15 and a two-hundred day moving average of $30.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 43.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

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.