Mitsubishi UFJ Asset Management Co. Ltd. Purchases 40,320 Shares of Weyerhaeuser (NYSE:WY)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,111,713 shares of the real estate investment trust's stock after buying an additional 40,320 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Weyerhaeuser worth $31,528,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WY. Assetmark Inc. increased its position in shares of 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 during the fourth quarter valued at $36,000. Lee Danner & Bass Inc. bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $44,000. Graney & King LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc increased its position in Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 486 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WY shares. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. 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. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Trading Down 3.7 %

NYSE WY traded down $1.09 during trading on Thursday, hitting $28.39. The company had a trading volume of 1,275,786 shares, compared to its average volume of 3,627,405. The company's fifty day moving average is $29.97 and its 200-day moving average is $30.66. The company has a market cap of $20.61 billion, a price-to-earnings ratio of 51.62, 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 one year low of $26.73 and a one year high of $35.30.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is currently 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.