Wealthspire Advisors LLC Buys 1,024 Shares of Weyerhaeuser (NYSE:WY)

Wealthspire Advisors LLC increased its stake in Weyerhaeuser (NYSE:WY) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,162 shares of the real estate investment trust’s stock after acquiring an additional 1,024 shares during the quarter. Wealthspire Advisors LLC’s holdings in Weyerhaeuser were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WY. Asset Planning Inc bought a new stake in Weyerhaeuser during the 4th quarter valued at $36,000. Meeder Asset Management Inc. boosted its holdings in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings 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 worth $47,000 after acquiring an additional 486 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Weyerhaeuser during the 3rd quarter worth $50,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Weyerhaeuser during the 4th quarter worth $57,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. 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, Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Price Performance

NYSE WY opened at $29.81 on Thursday. The company has a market cap of $21.63 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $29.32 and its two-hundred day simple moving average is $30.79.

Weyerhaeuser (NYSE:WY) last released 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 net margin of 5.56% and a return on equity of 3.86%. Research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.21 per share. The ex-dividend date is 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 yield of 2.82%. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.