North Forty Two & Co. Takes $402,000 Position in Weyerhaeuser (NYSE:WY)

North Forty Two & Co. bought a new position in Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,276 shares of the real estate investment trust's stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Weyerhaeuser during the third quarter valued at approximately $440,000. Victory Capital Management Inc. increased its holdings in shares of Weyerhaeuser by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust's stock worth $15,474,000 after purchasing an additional 48,137 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Weyerhaeuser by 8.0% in 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 purchasing an additional 7,911 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Weyerhaeuser by 5.2% during the third quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust's stock valued at $1,460,000 after buying an additional 2,129 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Weyerhaeuser by 7.2% during the third quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust's stock valued at $5,417,000 after buying an additional 10,798 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

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Weyerhaeuser Stock Performance

NYSE:WY traded down $0.94 during mid-day trading on Friday, hitting $29.18. 6,488,077 shares of the company traded hands, compared to its average volume of 3,365,808. The stock's fifty day moving average price is $30.03 and its 200-day moving average price is $30.74. 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 one year low of $26.73 and a one year high of $36.27. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced 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 return on equity of 3.86% and a net margin of 5.56%. Research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.88%. Weyerhaeuser's payout ratio is 152.73%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. Finally, Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. 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, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus 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.