AQR Capital Management LLC lowered its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 44.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195,700 shares of the real estate investment trust's stock after selling 154,514 shares during the period. AQR Capital Management LLC's holdings in Weyerhaeuser were worth $5,520,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $26,000. American National Bank boosted its stake in Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $33,000. Finally, Park Place Capital Corp raised its stake in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
In related news, Director James Calvin O'rourke bought 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Albert Monaco acquired 31,500 shares of the company's stock in a transaction dated Monday, August 26th. The shares were bought 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 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 link. Also, 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 purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company's stock.
Shares of NYSE:WY opened at $32.89 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The company's 50-day moving average price is $31.55 and its 200 day moving average price is $31.15. The company has a market cap of $23.92 billion, a PE ratio of 29.90 and a beta of 1.40. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.
Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm posted $0.32 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Weyerhaeuser will post 0.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. Weyerhaeuser's dividend payout ratio (DPR) is presently 72.73%.
Several brokerages recently weighed in on WY. BMO Capital Markets reissued a "market perform" rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Truist Financial dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Monday, July 29th. Citigroup decreased their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. 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 report on Monday, July 29th. Finally, DA Davidson decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $35.83.
Read Our Latest Stock Analysis on 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.
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