Robeco Institutional Asset Management B.V. Sells 94,539 Shares of Weyerhaeuser (NYSE:WY)

Robeco Institutional Asset Management B.V. reduced its stake in Weyerhaeuser (NYSE:WY) by 61.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 58,100 shares of the real estate investment trust’s stock after selling 94,539 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Weyerhaeuser were worth $1,636,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WY. Wellington Management Group LLP increased its holdings in Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Weyerhaeuser by 257.2% in 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 valued at $151,437,000 after acquiring an additional 3,220,235 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Weyerhaeuser by 2,664.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after acquiring an additional 2,116,520 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after acquiring an additional 2,004,073 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Weyerhaeuser in the 3rd quarter valued at $40,773,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Citigroup dropped their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday. Finally, Truist Financial dropped their price objective 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Price Performance

WY stock opened at $30.79 on Tuesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $29.72 and a 200 day moving average price of $30.92. The stock has a market cap of $22.37 billion, a PE ratio of 55.97 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Weyerhaeuser will post 0.84 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.60%. Weyerhaeuser’s dividend payout ratio (DPR) is 145.45%.

Weyerhaeuser Company 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.