Centersquare Investment Management LLC lessened its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 442,549 shares of the real estate investment trust's stock after selling 146,160 shares during the quarter. Centersquare Investment Management LLC owned about 0.06% of Weyerhaeuser worth $12,458,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Truist Financial Corp boosted its holdings in Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after acquiring an additional 1,373 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $1,214,000. Sonora Investment Management Group LLC grew its holdings in shares of Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock worth $1,458,000 after purchasing an additional 18,698 shares during the period. Czech National Bank increased its position in Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after purchasing an additional 9,377 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its holdings in Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock valued at $4,253,000 after buying an additional 75,000 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on WY. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, 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 report on Monday, December 23rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.
Check Out Our Latest Stock Report on Weyerhaeuser
Weyerhaeuser Trading Down 3.1 %
WY traded down $0.80 during trading on Monday, reaching $25.46. The company had a trading volume of 6,232,936 shares, compared to its average volume of 3,669,729. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 12-month low of $24.94 and a 12-month high of $35.08. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 46.29, a PEG ratio of 4.74 and a beta of 1.25. The firm's 50-day simple moving average is $29.84 and its 200 day simple moving average is $30.56.
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 for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current 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 paid a $0.21 dividend. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.30%. Weyerhaeuser's payout ratio 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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