Horizon Kinetics Asset Management LLC Sells 799 Shares of Weyerhaeuser (NYSE:WY)

Horizon Kinetics Asset Management LLC decreased its stake in Weyerhaeuser (NYSE:WY) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 30,580 shares of the real estate investment trust’s stock after selling 799 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Weyerhaeuser were worth $861,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WY. GSA Capital Partners LLP acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $440,000. Victory Capital Management Inc. lifted its stake in Weyerhaeuser by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust’s stock valued at $15,474,000 after purchasing an additional 48,137 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Weyerhaeuser by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 106,402 shares of the real estate investment trust’s stock valued at $3,603,000 after purchasing an additional 7,911 shares during the last quarter. Empowered Funds LLC lifted its stake in Weyerhaeuser by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust’s stock valued at $1,460,000 after purchasing an additional 2,129 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Weyerhaeuser by 7.2% in the 3rd quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust’s stock valued at $5,417,000 after purchasing an additional 10,798 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 1.8 %

NYSE WY opened at $30.00 on Tuesday. 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 1-year low of $26.73 and a 1-year high of $36.27. The company has a 50 day moving average of $29.86 and a 200-day moving average of $30.76. The company has a market cap of $21.76 billion, a price-to-earnings ratio of 54.54, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Finally, Citigroup cut their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser 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.