Weyerhaeuser (NYSE:WY) Shares Sold by River Global Investors LLP

River Global Investors LLP lowered its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 48.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,368 shares of the real estate investment trust's stock after selling 26,435 shares during the period. River Global Investors LLP's holdings in Weyerhaeuser were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Weyerhaeuser by 12.7% in the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock worth $151,437,000 after purchasing an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Weyerhaeuser by 2,664.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock valued at $74,355,000 after acquiring an additional 2,116,520 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Weyerhaeuser in the third quarter valued at approximately $40,773,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at $26,206,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on WY shares. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Weyerhaeuser Trading Down 1.1 %

NYSE:WY traded down $0.33 during trading hours on Wednesday, reaching $29.26. 3,960,649 shares of the company were exchanged, compared to its average volume of 3,382,345. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market cap of $21.23 billion, a price-to-earnings ratio of 53.19, a PEG 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. The stock has a 50 day simple moving average of $29.76 and a 200 day simple moving average of $30.80.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly 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, analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 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.