Proficio Capital Partners LLC Takes $1.69 Million Position in Weyerhaeuser (NYSE:WY)

Proficio Capital Partners LLC bought a new position in Weyerhaeuser (NYSE:WY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 60,133 shares of the real estate investment trust's stock, valued at approximately $1,693,000.

A number of other large investors have also recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $148,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Weyerhaeuser by 165.6% during the third quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,229 shares during the last quarter. Consolidated Planning Corp bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $223,000. AIA Group Ltd grew its stake in shares of Weyerhaeuser by 10.4% in the 3rd quarter. AIA Group Ltd now owns 1,175,947 shares of the real estate investment trust's stock worth $39,818,000 after buying an additional 110,876 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Weyerhaeuser during the 3rd quarter valued at approximately $50,000. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

WY has been the topic of several analyst reports. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

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Weyerhaeuser Price Performance

Weyerhaeuser stock traded down $0.57 during midday trading on Monday, reaching $30.08. 4,752,742 shares of the stock traded hands, compared to its average volume of 3,378,155. 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 12 month low of $26.73 and a 12 month high of $36.27. The stock's fifty day moving average is $29.69 and its 200-day moving average is $30.81. The stock has a market cap of $21.82 billion, a P/E ratio of 54.69, a PEG ratio of 4.74 and a beta of 1.43.

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 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%. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. Weyerhaeuser's payout ratio is 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.