Victory Capital Management Inc. Sells 15,706 Shares of Weyerhaeuser (NYSE:WY)

Victory Capital Management Inc. reduced its position in Weyerhaeuser (NYSE:WY - Free Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 441,296 shares of the real estate investment trust's stock after selling 15,706 shares during the period. Victory Capital Management Inc. owned 0.06% of Weyerhaeuser worth $12,422,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Trust Co grew its position in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock valued at $1,801,000 after purchasing an additional 331 shares in the last quarter. HB Wealth Management LLC boosted its stake in Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after purchasing an additional 357 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after buying an additional 367 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Weyerhaeuser by 3.7% during the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock valued at $358,000 after buying an additional 448 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Weyerhaeuser by 9.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust's stock worth $140,000 after buying an additional 448 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $29.26 on Thursday. The firm has a market capitalization of $21.23 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. 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 12 month low of $26.73 and a 12 month high of $36.27. The business's 50-day moving average price is $29.79 and its 200-day moving average price is $30.79.

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Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. Sell-side analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend 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 yield of 2.87%. Weyerhaeuser's dividend payout ratio is currently 152.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WY. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. 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 report on Monday, December 23rd. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.00.

About Weyerhaeuser

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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