Magnetar Financial LLC Acquires Shares of 145,738 Weyerhaeuser (NYSE:WY)

Magnetar Financial LLC acquired a new stake in shares of Weyerhaeuser (NYSE:WY) in the fourth quarter, Holdings Channel reports. The fund acquired 145,738 shares of the real estate investment trust’s stock, valued at approximately $4,103,000.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Weyerhaeuser by 12.7% in 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 purchasing an additional 4,035,048 shares in the last quarter. State Street Corp increased its holdings in Weyerhaeuser by 2.5% in the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after buying an additional 761,757 shares during the last quarter. Geode Capital Management LLC increased its holdings in Weyerhaeuser by 1.1% in the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after buying an additional 217,510 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Weyerhaeuser by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock worth $404,299,000 after buying an additional 158,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock worth $252,958,000 after buying an additional 245,962 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.7 %

Shares of WY stock opened at $30.13 on Friday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $29.99 and its two-hundred day moving average is $30.75. The company has a market cap of $21.86 billion, a PE ratio of 54.77, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

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

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.79%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Analyst Ratings Changes

A number of research firms recently commented on WY. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, 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.