Asset Management One Co. Ltd. Has $8.60 Million Holdings in Weyerhaeuser (NYSE:WY)

Asset Management One Co. Ltd. increased its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,125 shares of the real estate investment trust's stock after purchasing an additional 42,630 shares during the period. Asset Management One Co. Ltd.'s holdings in Weyerhaeuser were worth $8,596,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WY. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the third quarter worth approximately $25,000. Meeder Asset Management Inc. raised its position in shares of Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after buying an additional 719 shares during the period. Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the third quarter valued at $45,000. AdvisorNet Financial Inc grew its position in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 486 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Weyerhaeuser during the third quarter worth about $50,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Finally, Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Weyerhaeuser Stock Performance

WY stock traded down $0.29 on Friday, reaching $29.69. The company's stock had a trading volume of 4,549,839 shares, compared to its average volume of 3,591,354. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a market capitalization of $21.54 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 4.62 and a beta of 1.42. The firm has a fifty day moving average of $29.26 and a two-hundred day moving average of $30.82.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.83%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 152.73%.

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.