Rhumbline Advisers Sells 13,575 Shares of Weyerhaeuser (NYSE:WY)

Rhumbline Advisers trimmed its stake in Weyerhaeuser (NYSE:WY - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,400,233 shares of the real estate investment trust's stock after selling 13,575 shares during the period. Rhumbline Advisers owned 0.19% of Weyerhaeuser worth $39,416,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fiduciary Trust Co boosted its holdings in shares of Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after buying an additional 331 shares during the period. HB Wealth Management LLC grew its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares during the period. Capital Investment Advisors LLC lifted its position in shares of Weyerhaeuser by 5.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 414 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Weyerhaeuser by 3.7% during the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 448 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE WY traded up $0.70 during mid-day trading on Thursday, hitting $29.90. 1,985,234 shares of the stock were exchanged, compared to its average volume of 3,440,108. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock's fifty day simple moving average is $29.27 and its two-hundred day simple moving average is $30.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market cap of $21.69 billion, a P/E ratio of 54.34, a PEG ratio of 4.70 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. As a group, 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 will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.21 dividend. 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%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is 145.46%.

Analyst Ratings Changes

A number of research analysts have recently commented on WY shares. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. 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 report on Friday, December 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.