Quantbot Technologies LP Sells 9,626 Shares of Weyerhaeuser (NYSE:WY)

Quantbot Technologies LP lowered its stake in Weyerhaeuser (NYSE:WY) by 44.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,238 shares of the real estate investment trust’s stock after selling 9,626 shares during the quarter. Quantbot Technologies LP’s holdings in Weyerhaeuser were worth $344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after buying an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after acquiring an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock valued at $137,417,000 after purchasing an additional 2,685,634 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Weyerhaeuser in the third quarter worth $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth $26,206,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Truist Financial reduced their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Down 0.7 %

Shares of Weyerhaeuser stock opened at $29.38 on Friday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.10. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43. The business has a fifty day simple moving average of $30.02 and a two-hundred day simple moving average of $30.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. Weyerhaeuser’s dividend payout ratio is presently 152.73%.

About Weyerhaeuser

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.