Inspire Trust Co. N.A. Has $4.25 Million Stock Position in Weyerhaeuser (NYSE:WY)

Inspire Trust Co. N.A. increased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 148.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,620 shares of the real estate investment trust's stock after buying an additional 75,000 shares during the quarter. Weyerhaeuser accounts for about 1.2% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 22nd largest position. Inspire Trust Co. N.A.'s holdings in Weyerhaeuser were worth $4,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of WY. Wellington Management Group LLP grew its stake in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock worth $1,210,694,000 after buying an additional 4,035,048 shares during the last quarter. State Street Corp grew its position in Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock worth $1,063,463,000 after acquiring an additional 761,757 shares during the last quarter. Geode Capital Management LLC increased its holdings in Weyerhaeuser by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after purchasing an additional 217,510 shares in the last quarter. Legal & General Group Plc raised its position in Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust's stock valued at $324,450,000 after purchasing an additional 503,059 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock worth $295,940,000 after purchasing an additional 454,095 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Finally, Truist Financial raised their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $36.33.

Weyerhaeuser Stock Down 1.2 %

Shares of NYSE:WY traded down $0.36 during mid-day trading on Friday, reaching $30.04. 3,175,969 shares of the stock were exchanged, compared to its average volume of 3,588,261. The stock's 50 day simple moving average is $31.78 and its 200-day simple moving average is $30.85. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a market cap of $21.83 billion, a P/E ratio of 40.62 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The business's revenue was down 13.3% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is currently 108.11%.

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.