Heitman Real Estate Securities LLC Purchases 13,364 Shares of Weyerhaeuser (NYSE:WY)

Heitman Real Estate Securities LLC grew its stake in Weyerhaeuser (NYSE:WY) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,938 shares of the real estate investment trust’s stock after purchasing an additional 13,364 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Weyerhaeuser were worth $3,723,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the 3rd quarter worth about $25,000. Ridgewood Investments LLC purchased a new stake in Weyerhaeuser in the second quarter worth about $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser during the second quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 valued at $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Bangor Savings Bank boosted 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 worth $38,000 after purchasing an additional 651 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of WY opened at $31.99 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a market cap of $23.24 billion, a P/E ratio of 43.22 and a beta of 1.40. The firm’s 50 day moving average price is $32.15 and its 200 day moving average price is $30.83.

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

Weyerhaeuser Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial lifted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $36.33.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

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.