O Keefe Stevens Advisory Inc. Purchases 12,674 Shares of Weyerhaeuser (NYSE:WY)

O Keefe Stevens Advisory Inc. grew its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 344,722 shares of the real estate investment trust's stock after purchasing an additional 12,674 shares during the period. Weyerhaeuser makes up about 3.0% of O Keefe Stevens Advisory Inc.'s portfolio, making the stock its 12th biggest position. O Keefe Stevens Advisory Inc.'s holdings in Weyerhaeuser were worth $9,704,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the second quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 928 shares during the last quarter. Bangor Savings Bank boosted its holdings in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 719 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research report on Friday, December 6th. StockNews.com downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Friday. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Truist Financial lowered their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective on the stock in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.14.

Weyerhaeuser Stock Up 0.7 %

Weyerhaeuser stock traded up $0.21 during midday trading on Friday, hitting $30.24. 4,302,052 shares of the stock were exchanged, compared to its average volume of 3,100,989. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $29.82 and its 200-day moving average price is $30.78. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business's revenue was down 13.3% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser's dividend payout ratio 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.