Pine Valley Investments Ltd Liability Co Acquires 10,364 Shares of Weyerhaeuser (NYSE:WY)

Pine Valley Investments Ltd Liability Co raised its position in Weyerhaeuser (NYSE:WY) by 23.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 54,845 shares of the real estate investment trust’s stock after acquiring an additional 10,364 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Weyerhaeuser were worth $1,544,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Oak Thistle LLC bought a new stake in Weyerhaeuser in the 4th quarter valued at $1,214,000. Sonora Investment Management Group LLC lifted its position in shares of Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock worth $1,458,000 after buying an additional 18,698 shares during the last quarter. Czech National Bank lifted its position in shares of Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after buying an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. raised its position in Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Weyerhaeuser by 10.2% in the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.8 %

Weyerhaeuser stock opened at $30.21 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock has a market capitalization of $21.92 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. The business’s fifty day moving average is $29.28 and its 200 day moving average is $30.79.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s payout ratio is presently 152.73%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WY shares. CIBC upgraded 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. 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. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Truist Financial dropped 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.