Kennondale Capital Management LLC Makes New Investment in Weyerhaeuser (NYSE:WY)

Kennondale Capital Management LLC bought a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,177 shares of the real estate investment trust's stock, valued at approximately $484,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 12.7% during 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 stake in shares of Weyerhaeuser by 2.5% during 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 purchasing an additional 761,757 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Weyerhaeuser by 1.1% during 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 purchasing an additional 217,510 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 1.1% during 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 purchasing an additional 158,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Weyerhaeuser by 2.8% during 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 purchasing an additional 245,962 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on WY shares. Citigroup dropped their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Friday, December 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Trading Down 3.1 %

Shares of WY stock traded down $0.94 during trading hours on Friday, hitting $29.18. The company had a trading volume of 6,488,077 shares, compared to its average volume of 3,367,651. The company's fifty day moving average is $30.03 and its 200 day moving average is $30.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock has a market capitalization of $21.17 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. Weyerhaeuser's dividend payout ratio is 152.73%.

About 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.