Aigen Investment Management LP purchased a new stake in Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,137 shares of the real estate investment trust's stock, valued at approximately $314,000.
A number of other institutional investors also recently modified their holdings of WY. Proficio Capital Partners LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $1,693,000. Assetmark Inc. boosted its position in Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares during the period. Keybank National Association OH increased its holdings in Weyerhaeuser by 4.0% during the 4th quarter. Keybank National Association OH now owns 62,363 shares of the real estate investment trust's stock valued at $1,756,000 after purchasing an additional 2,387 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Weyerhaeuser by 56.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 3,918 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Weyerhaeuser by 2.8% in the 4th 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 during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
WY has been the topic of a number of analyst reports. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $35.00.
Check Out Our Latest Analysis on Weyerhaeuser
Weyerhaeuser Stock Down 1.1 %
Weyerhaeuser stock traded down $0.33 during trading hours on Wednesday, reaching $29.26. The stock had a trading volume of 3,012,293 shares, compared to its average volume of 3,382,345. The company has a market cap of $21.23 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The business's 50 day moving average price is $29.76 and its 200-day moving average price is $30.80.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.
Weyerhaeuser Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.87%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.
About Weyerhaeuser
(
Free Report)
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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