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

Wealthspire Advisors LLC grew its stake in Weyerhaeuser (NYSE:WY) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,162 shares of the real estate investment trust’s stock after purchasing an additional 1,024 shares during the period. Wealthspire Advisors LLC’s holdings in Weyerhaeuser were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Fiduciary Trust Co boosted its stake in shares of Weyerhaeuser by 0.6% in the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 367 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Weyerhaeuser by 3.7% in the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 448 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Weyerhaeuser by 9.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 448 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report 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 on the stock in a research report on Friday, December 6th. Finally, Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Down 1.3 %

Shares of NYSE WY opened at $29.81 on Thursday. The company has a market capitalization of $21.63 billion, a P/E 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 debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company’s 50 day moving average price is $29.32 and its 200-day moving average price is $30.79.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.82%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s 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.