Valued at a market cap of $22 billion, Seattle, Washington-based Weyerhaeuser Company (WY) is one of the world's largest private owners of timberlands, managing approximately 11 million acres in the U.S. and additional lands in Canada. Operating as a real estate investment trust (REIT), the company sustainably manages its forests and is a leading manufacturer of wood products in North America.
Shares of the timber and paper products company have underperformed the broader market over the past 52 weeks. WY has declined 7.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.7%. However, shares of WY are up 7.6% on a YTD basis, outperforming SPX’s 3.3% gain.
