HighTower Advisors LLC grew its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 330,350 shares of the real estate investment trust's stock after purchasing an additional 125,451 shares during the quarter. HighTower Advisors LLC's holdings in Weyerhaeuser were worth $9,299,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in WY. GSA Capital Partners LLP acquired a new stake in Weyerhaeuser during the third quarter worth about $440,000. Victory Capital Management Inc. grew its position in Weyerhaeuser by 11.8% during the third quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust's stock worth $15,474,000 after buying an additional 48,137 shares in the last quarter. CIBC Asset Management Inc grew its position in Weyerhaeuser by 8.0% during the third quarter. CIBC Asset Management Inc now owns 106,402 shares of the real estate investment trust's stock worth $3,603,000 after buying an additional 7,911 shares in the last quarter. Empowered Funds LLC grew its position in Weyerhaeuser by 5.2% during the third quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust's stock worth $1,460,000 after buying an additional 2,129 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Weyerhaeuser by 7.2% during the third quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust's stock worth $5,417,000 after buying an additional 10,798 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Weyerhaeuser Price Performance
Shares of WY stock traded down $0.94 during trading hours on Friday, reaching $29.18. 6,205,257 shares of the company were exchanged, compared to its average volume of 3,717,319. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock's fifty day moving average is $29.99 and its two-hundred day moving average is $30.75. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 4.74 and a beta of 1.43. 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 announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.88%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 152.73%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on WY shares. Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report 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 price target for the company in a research note on Friday, December 6th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Truist Financial dropped their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Finally, Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.00.
Check Out Our Latest Analysis on WY
Weyerhaeuser Profile
(
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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