Weyerhaeuser Company $WY Shares Bought by Centersquare Investment Management LLC

Centersquare Investment Management LLC grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 463,179 shares of the real estate investment trust’s stock after acquiring an additional 50,940 shares during the period. Centersquare Investment Management LLC owned about 0.06% of Weyerhaeuser worth $11,482,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Weyerhaeuser by 4.2% during the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 409 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Weyerhaeuser by 23.6% in the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 488 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Weyerhaeuser by 6.4% in the third quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 500 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on WY shares. Royal Bank Of Canada lowered their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Bank of America reaffirmed a “neutral” rating and issued a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Finally, Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Stock Performance

Shares of WY opened at $24.39 on Thursday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66. The company’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $24.50. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 55.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $0.11 EPS. Weyerhaeuser’s revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio is 190.91%.

Insiders Place Their Bets

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sara Grootwassink Lewis acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $23.61 per share, with a total value of $106,245.00. Following the purchase, the director owned 25,978 shares in the company, valued at approximately $613,340.58. The trade was a 20.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 28,500 shares of company stock valued at $721,645 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.