Cidel Asset Management Inc. Buys 637 Shares of Weyerhaeuser (NYSE:WY)

Cidel Asset Management Inc. boosted its position in shares of Weyerhaeuser (NYSE:WY) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,647 shares of the real estate investment trust’s stock after acquiring an additional 637 shares during the period. Cidel Asset Management Inc.’s holdings in Weyerhaeuser were worth $215,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Oak Thistle LLC purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at $1,214,000. Sonora Investment Management Group LLC lifted its position in shares of Weyerhaeuser by 56.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock valued at $1,458,000 after acquiring an additional 18,698 shares in the last quarter. Czech National Bank lifted its position in shares of Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after acquiring an additional 9,377 shares in the last quarter. Inspire Trust Co. N.A. boosted its stake in shares of 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 worth $4,253,000 after acquiring an additional 75,000 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Weyerhaeuser by 10.2% during the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after purchasing an additional 67,314 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WY. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. BMO Capital Markets upgraded shares of 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on 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 1.3 %

Shares of NYSE WY opened at $30.04 on Monday. 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 12-month low of $26.73 and a 12-month high of $36.27. The firm’s 50-day moving average price is $29.54 and its 200-day moving average price is $30.92. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 54.62, a P/E/G ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.