Mirae Asset Global Investments Co. Ltd. Buys New Shares in Weyerhaeuser Company $WY

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 197,579 shares of the real estate investment trust’s stock, valued at approximately $3,764,000.

Other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC increased its stake in Weyerhaeuser by 42.1% in the 3rd quarter. Profund Advisors LLC now owns 13,401 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 3,968 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Weyerhaeuser by 8.9% in the 3rd quarter. ProShare Advisors LLC now owns 208,181 shares of the real estate investment trust’s stock valued at $3,966,000 after acquiring an additional 17,070 shares during the last quarter. Grandfield & Dodd LLC boosted its holdings in Weyerhaeuser by 1.8% during the 3rd quarter. Grandfield & Dodd LLC now owns 631,188 shares of the real estate investment trust’s stock valued at $12,024,000 after acquiring an additional 10,992 shares during the period. Cidel Asset Management Inc. purchased a new stake in Weyerhaeuser during the 3rd quarter valued at about $261,000. Finally, MGO One Seven LLC grew its position in Weyerhaeuser by 2.6% during the 3rd quarter. MGO One Seven LLC now owns 44,956 shares of the real estate investment trust’s stock worth $856,000 after acquiring an additional 1,122 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Seaport Research Partners set a $30.00 price target on Weyerhaeuser in a research note on Thursday, October 8th. Royal Bank Of Canada cut their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $26.10.

Weyerhaeuser Stock Down 3.1%

Shares of NYSE:WY traded down $0.67 on Friday, hitting $20.96. 7,682,897 shares of the company traded hands, compared to its average volume of 9,371,855. Weyerhaeuser Company has a 52 week low of $18.25 and a 52 week high of $27.75. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $20.57 and a 200-day simple moving average of $23.56. The company has a market cap of $15.10 billion, a PE ratio of 33.81, a PEG ratio of 2.60 and a beta of 0.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Weyerhaeuser had a net margin of 6.47% and a return on equity of 1.72%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, research analysts expect that Weyerhaeuser Company will post 0.27 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.0%. Weyerhaeuser’s dividend payout ratio is 135.48%.

Weyerhaeuser Profile

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.