Invesco Ltd. Reduces Stake in Weyerhaeuser (NYSE:WY)

Invesco Ltd. reduced its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,514,791 shares of the real estate investment trust's stock after selling 1,299,915 shares during the quarter. Invesco Ltd. owned about 1.86% of Weyerhaeuser worth $380,441,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WY. HB Wealth Management LLC boosted its position 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 buying an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares during the period. Quadrant Capital Group LLC raised its holdings in 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 during the period. Unison Advisors LLC grew its holdings in Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock valued at $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings 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 during the last quarter. 82.99% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages recently commented on WY. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Finally, Truist Financial cut their target price on 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, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $34.50.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.07 during trading on Tuesday, hitting $26.05. The company had a trading volume of 749,213 shares, compared to its average volume of 3,685,384. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 47.36, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The stock has a fifty day simple moving average of $29.06 and a two-hundred day simple moving average of $30.15. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03.

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 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%. On average, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.22%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is presently 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.