Weyerhaeuser (NYSE:WY) Shares Bought by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. raised its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 626,702 shares of the real estate investment trust's stock after purchasing an additional 43,139 shares during the period. Weyerhaeuser accounts for about 1.6% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 17th biggest position. Uniplan Investment Counsel Inc. owned about 0.09% of Weyerhaeuser worth $17,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its stake in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares during the period. Asset Planning Inc bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $36,000. TD Waterhouse Canada Inc. increased its stake in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after buying an additional 807 shares during the period. Lee Danner & Bass Inc. purchased a new position in Weyerhaeuser in the 4th quarter worth about $44,000. Finally, Graney & King LLC bought a new stake in Weyerhaeuser during the 4th quarter valued at about $44,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 2.6 %

Shares of NYSE:WY traded down $0.67 during trading on Friday, reaching $24.83. The stock had a trading volume of 4,584,315 shares, compared to its average volume of 3,710,083. The firm's 50-day simple moving average is $28.25 and its 200 day simple moving average is $29.70. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The company has a market capitalization of $18.02 billion, a P/E ratio of 45.15, a PEG ratio of 4.74 and a beta of 1.25.

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 company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. As a group, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WY. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock 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.