Jump Financial LLC Boosts Holdings in Weyerhaeuser (NYSE:WY)

Jump Financial LLC raised its stake in Weyerhaeuser (NYSE:WY - Free Report) by 122.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,874 shares of the real estate investment trust's stock after purchasing an additional 29,102 shares during the quarter. Jump Financial LLC's holdings in Weyerhaeuser were worth $1,488,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp increased its position in shares of Weyerhaeuser by 2.8% during 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 buying an additional 1,373 shares during the period. Oak Thistle LLC bought a new position in Weyerhaeuser during the 4th quarter valued at about $1,214,000. Sonora Investment Management Group LLC boosted its stake in shares of Weyerhaeuser by 56.5% in 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 buying an additional 18,698 shares during the last quarter. Czech National Bank raised its position in Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after acquiring an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. grew its holdings in Weyerhaeuser by 148.2% during 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 purchasing 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

WY has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Finally, Truist Financial lowered their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser Stock Up 0.6 %

Shares of WY stock traded up $0.14 on Thursday, hitting $25.45. The stock had a trading volume of 2,802,741 shares, compared to its average volume of 3,698,916. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The business has a 50 day moving average price of $28.43 and a 200 day moving average price of $29.81. The company has a market cap of $18.47 billion, a PE ratio of 46.27, a P/E/G ratio of 4.74 and a beta of 1.25. 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 (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.30%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was 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.