Norges Bank Makes New Investment in Weyerhaeuser (NYSE:WY)

Norges Bank purchased a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,681,007 shares of the real estate investment trust's stock, valued at approximately $638,470,000. Norges Bank owned about 3.12% of Weyerhaeuser as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc bought a new position in Weyerhaeuser during the fourth quarter worth $36,000. Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser in the fourth quarter worth $44,000. Graney & King LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc grew its position in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 486 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

Weyerhaeuser stock traded down $0.12 during midday trading on Tuesday, hitting $29.16. The company's stock had a trading volume of 912,992 shares, compared to its average volume of 3,590,865. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $35.49. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $21.17 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The stock's 50-day moving average price is $30.00 and its 200-day moving average price is $30.69.

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Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results 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%. Analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were 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%. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is 152.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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.