Magnetar Financial LLC Purchases New Stake in Weyerhaeuser (NYSE:WY)

Magnetar Financial LLC purchased a new stake in Weyerhaeuser (NYSE:WY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,738 shares of the real estate investment trust’s stock, valued at approximately $4,103,000.

Several other institutional investors have also recently added to or reduced their stakes in WY. North Forty Two & Co. bought a new stake in Weyerhaeuser during the fourth quarter valued at $402,000. Kennondale Capital Management LLC bought a new stake in Weyerhaeuser during the fourth quarter valued at $484,000. Mystic Asset Management Inc. bought a new stake in Weyerhaeuser during the fourth quarter valued at $319,000. Cibc World Markets Corp increased its stake in Weyerhaeuser by 12.0% during the fourth quarter. Cibc World Markets Corp now owns 326,048 shares of the real estate investment trust’s stock valued at $9,178,000 after purchasing an additional 34,987 shares during the last quarter. Finally, American Assets Capital Advisers LLC bought a new stake in Weyerhaeuser during the fourth quarter valued at $625,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of WY opened at $30.13 on Friday. The firm has a 50-day moving average price of $29.99 and a 200 day moving average price of $30.75. The firm has a market capitalization of $21.86 billion, a PE ratio of 54.77, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WY. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Citigroup lowered their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.