Proficio Capital Partners LLC Purchases Shares of 60,133 Weyerhaeuser (NYSE:WY)

Proficio Capital Partners LLC purchased a new stake in Weyerhaeuser (NYSE:WY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,133 shares of the real estate investment trust's stock, valued at approximately $1,693,000.

Several other hedge funds have also made changes to their positions in WY. Assetmark Inc. lifted 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 valued at $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc acquired a new position in Weyerhaeuser in the 4th quarter valued at approximately $36,000. Meeder Asset Management Inc. increased its stake in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 719 shares during the period. AdvisorNet Financial Inc increased its stake 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 valued at $47,000 after buying an additional 486 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Weyerhaeuser in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY traded down $0.94 during midday trading on Friday, reaching $29.18. The stock had a trading volume of 6,488,077 shares, compared to its average volume of 3,365,808. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm's fifty day simple moving average is $30.03 and its 200-day simple moving average is $30.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The stock has a market capitalization of $21.17 billion, a P/E ratio of 53.05, a PEG ratio of 4.74 and a beta of 1.43.

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Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results 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%. On average, equities research analysts forecast that Weyerhaeuser will post 0.78 EPS 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 $0.21 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. Weyerhaeuser's dividend payout ratio (DPR) is presently 152.73%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WY. CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. 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. Finally, Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Three 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 company's stock. According to data from MarketBeat.com, the stock has an average 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.