Inceptionr LLC Acquires Shares of 43,637 Weyerhaeuser (NYSE:WY)

Inceptionr LLC purchased a new position in Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 43,637 shares of the real estate investment trust's stock, valued at approximately $1,228,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WY. Truist Financial Corp increased its position in Weyerhaeuser by 2.8% in the 4th 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 period. Oak Thistle LLC acquired a new stake in Weyerhaeuser in the fourth quarter worth about $1,214,000. Sonora Investment Management Group LLC lifted its holdings in Weyerhaeuser by 56.5% in the fourth 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 grew its position in Weyerhaeuser by 6.3% in the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock valued at $4,435,000 after buying an additional 9,377 shares in the last quarter. Finally, Inspire Trust Co. N.A. increased its stake in Weyerhaeuser by 148.2% during the 3rd 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. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective on the stock in a research note on Monday, December 23rd. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. StockNews.com raised 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 target price for the company in a research note on Friday, December 6th. Finally, Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Three investment 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Trading Down 1.9 %

Shares of WY traded down $0.57 during midday trading on Monday, hitting $30.08. The stock had a trading volume of 4,752,780 shares, compared to its average volume of 3,378,155. The business has a 50-day simple moving average of $29.69 and a two-hundred day simple moving average of $30.81. The firm has a market cap of $21.82 billion, a P/E ratio of 54.69, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 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%. As a group, equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.79%. 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 payout ratio is presently 152.73%.

Weyerhaeuser 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.