930,946 Shares in Weyerhaeuser (NYSE:WY) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired 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 (SEC). The institutional investor acquired 930,946 shares of the real estate investment trust's stock, valued at approximately $26,206,000. Raymond James Financial Inc. owned approximately 0.13% of Weyerhaeuser at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WY. Truist Financial Corp boosted its stake 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 worth $1,433,000 after buying an additional 1,373 shares during the period. Oak Thistle LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $1,214,000. Sonora Investment Management Group LLC boosted its stake in shares of Weyerhaeuser by 56.5% during the fourth 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 period. Czech National Bank boosted its stake in shares of Weyerhaeuser by 6.3% during the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after buying an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. boosted its stake in shares of 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 worth $4,253,000 after buying an additional 75,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

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Wall Street Analyst Weigh In

WY has been the subject of several recent research reports. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Raymond James upgraded shares of 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. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Truist Financial reduced their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Trading Down 0.4 %

WY stock traded down $0.11 during midday trading on Tuesday, hitting $29.85. The stock had a trading volume of 2,930,996 shares, compared to its average volume of 3,358,281. The firm has a market cap of $21.66 billion, a PE ratio of 54.27, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company's 50-day moving average price is $29.86 and its 200 day moving average price is $30.76.

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 the consensus estimate 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 predict 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 will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Weyerhaeuser's payout ratio is currently 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.