6,868 Shares in Weyerhaeuser (NYSE:WY) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new position in shares of Weyerhaeuser (NYSE:WY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,868 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser during the second quarter worth $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the second quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth $33,000. Park Place Capital Corp raised its holdings in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WY has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Truist Financial increased their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Citigroup lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Trading Up 0.8 %

Shares of NYSE:WY opened at $33.06 on Monday. The company has a market cap of $24.05 billion, a P/E ratio of 32.10 and a beta of 1.40. The stock’s 50-day moving average is $31.86 and its 200-day moving average is $30.91. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 77.67%.

Insider Buying and Selling

In other news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

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.