Allianz SE Makes New $380,000 Investment in Weyerhaeuser (NYSE:WY)

Allianz SE purchased a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,628 shares of the real estate investment trust's stock, valued at approximately $380,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. grew its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 922 shares during the period. Asset Planning Inc acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $44,000. Graney & King LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $44,000. Finally, AdvisorNet Financial Inc raised its holdings in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 486 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average price target of $35.00.

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Weyerhaeuser Stock Down 0.6 %

Shares of NYSE WY traded down $0.18 during mid-day trading on Tuesday, hitting $29.11. The company had a trading volume of 4,859,620 shares, compared to its average volume of 3,627,710. The company has a market capitalization of $21.13 billion, a PE ratio of 52.92, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The business's 50-day simple moving average is $29.97 and its 200 day simple moving average is $30.67. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $35.50. 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 (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared 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. This represents a $0.84 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is 152.73%.

Weyerhaeuser Company Profile

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.