Tower Research Capital LLC TRC Sells 28,837 Shares of Weyerhaeuser (NYSE:WY)

Tower Research Capital LLC TRC decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,347 shares of the real estate investment trust's stock after selling 28,837 shares during the period. Tower Research Capital LLC TRC's holdings in Weyerhaeuser were worth $742,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC raised its position in shares of Weyerhaeuser by 2.4% during the 4th 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 period. Texas Yale Capital Corp. raised its holdings in Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after acquiring an additional 385 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Weyerhaeuser by 13.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after acquiring an additional 416 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 419 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in shares of Weyerhaeuser by 4.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.83 on Friday. The company has a market cap of $18.02 billion, a P/E ratio of 45.15, a P/E/G ratio of 4.74 and a beta of 1.25. The business's 50 day moving average price is $28.25 and its 200-day moving average price is $29.68. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is 152.73%.

Analyst Ratings Changes

A number of research analysts recently commented on WY shares. Truist Financial lowered their price target on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.75.

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.

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