Cohen & Steers Inc. increased its stake in Weyerhaeuser (NYSE:WY - Free Report) by 57.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,928,176 shares of the real estate investment trust's stock after buying an additional 14,213,243 shares during the period. Weyerhaeuser accounts for about 2.1% of Cohen & Steers Inc.'s holdings, making the stock its 15th largest holding. Cohen & Steers Inc. owned 5.36% of Weyerhaeuser worth $1,095,726,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HB Wealth Management LLC increased its holdings in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after acquiring an additional 357 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in Weyerhaeuser by 4.0% in the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after buying an additional 385 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 416 shares in the last quarter. Unison Advisors LLC raised its holdings in Weyerhaeuser by 0.6% in the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 419 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in Weyerhaeuser by 4.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 431 shares in the last quarter. Institutional investors own 82.99% of the company's stock.
Weyerhaeuser Stock Performance
Weyerhaeuser stock traded up $0.19 during trading on Friday, reaching $25.78. The company had a trading volume of 2,651,553 shares, compared to its average volume of 3,701,683. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm's 50-day simple moving average is $28.70 and its 200 day simple moving average is $29.98. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03.
Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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%. Sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.
Weyerhaeuser Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 3.26%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 152.73%.
Analyst Ratings Changes
WY has been the topic of a number of research analyst reports. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Citigroup reduced their price target 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. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and an average price target of $34.50.
Check Out Our Latest Stock Report on Weyerhaeuser
Weyerhaeuser Company Profile
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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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