Weyerhaeuser (NYSE:WY) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its stake in Weyerhaeuser (NYSE:WY) by 56.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,830 shares of the real estate investment trust’s stock after buying an additional 3,918 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Weyerhaeuser were worth $305,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WY. Harbor Capital Advisors Inc. acquired a new position in Weyerhaeuser in the third quarter valued at about $148,000. Catalyst Capital Advisors LLC lifted its position in shares of Weyerhaeuser by 165.6% during the third quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,229 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in shares of Weyerhaeuser during the third quarter worth about $2,128,000. Consolidated Planning Corp acquired a new stake in shares of Weyerhaeuser during the third quarter worth about $223,000. Finally, AIA Group Ltd lifted its position in shares of Weyerhaeuser by 10.4% during the third quarter. AIA Group Ltd now owns 1,175,947 shares of the real estate investment trust’s stock worth $39,818,000 after purchasing an additional 110,876 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Citigroup reduced their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial reduced their price target 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. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, 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 note on Friday, December 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $30.95 on Thursday. The firm has a market capitalization of $22.46 billion, a P/E ratio of 56.28, a P/E/G ratio of 4.74 and a beta of 1.43. 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 moving average is $29.60 and its two-hundred day moving average is $30.81.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results 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 forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 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.