Tradewinds LLC. Acquires New Shares in Weyerhaeuser (NYSE:WY)

Tradewinds LLC. bought a new position in Weyerhaeuser (NYSE:WY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,728 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC bought a new position in shares of Weyerhaeuser in the third quarter valued at approximately $297,000. Public Sector Pension Investment Board grew its position in shares of Weyerhaeuser by 25.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 126,566 shares of the real estate investment trust’s stock valued at $4,286,000 after purchasing an additional 25,308 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Weyerhaeuser by 13.6% in the third quarter. Rockefeller Capital Management L.P. now owns 84,245 shares of the real estate investment trust’s stock worth $2,853,000 after purchasing an additional 10,095 shares during the period. Erste Asset Management GmbH bought a new stake in Weyerhaeuser during the third quarter valued at $1,282,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Weyerhaeuser by 2,452.7% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,091 shares of the real estate investment trust’s stock valued at $477,000 after acquiring an additional 13,539 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of several analyst reports. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Truist Financial cut their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Three investment 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Down 0.6 %

Shares of Weyerhaeuser stock opened at $29.11 on Wednesday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $35.50. 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 50-day moving average of $29.97 and a 200 day moving average of $30.67. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 52.92, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued 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 return on equity of 3.86% and a net margin of 5.56%. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal 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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.89%. Weyerhaeuser’s dividend payout ratio (DPR) 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.