Lifeworks Advisors LLC Acquires Shares of 8,082 Weyerhaeuser (NYSE:WY)

Lifeworks Advisors LLC bought a new stake in Weyerhaeuser (NYSE:WY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,082 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Weyerhaeuser during the 3rd quarter worth $50,000. Equitable Trust Co. purchased a new position in shares of Weyerhaeuser in the third quarter worth about $543,000. Baker Avenue Asset Management LP acquired a new position in Weyerhaeuser during the third quarter worth about $361,000. River Global Investors LLP grew its stake in Weyerhaeuser by 4.4% during the 3rd quarter. River Global Investors LLP now owns 54,803 shares of the real estate investment trust’s stock valued at $1,855,000 after acquiring an additional 2,327 shares in the last quarter. Finally, Catalytic Wealth RIA LLC raised its holdings in Weyerhaeuser by 31.0% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 9,404 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 2,228 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 1.5 %

Shares of WY opened at $30.69 on Monday. The company’s 50-day moving average price is $29.69 and its 200 day moving average price is $30.81. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $22.27 billion, a P/E ratio of 55.80, a price-to-earnings-growth 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 (EPS) 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, sell-side 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. Shareholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.74%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is 152.73%.

Analyst Ratings Changes

WY has been the topic of several recent research reports. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, December 6th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.