Short Interest in Weyerhaeuser (NYSE:WY) Decreases By 13.1%

Weyerhaeuser (NYSE:WY) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 8,680,000 shares, a decline of 13.1% from the February 13th total of 9,990,000 shares. Based on an average trading volume of 3,740,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.2% of the shares of the stock are short sold.

Weyerhaeuser Trading Up 0.5 %

Shares of WY stock traded up $0.16 during mid-day trading on Thursday, reaching $30.07. The stock had a trading volume of 252,693 shares, compared to its average volume of 3,345,784. The stock’s 50-day moving average price is $29.94 and its two-hundred day moving average price is $30.75. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market capitalization of $21.82 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. 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 (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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 expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Trust Co increased its holdings in Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after buying an additional 331 shares during the last quarter. Waverly Advisors LLC increased its holdings in Weyerhaeuser by 3.3% during the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 343 shares during the last quarter. HB Wealth Management LLC increased its holdings in Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the last quarter. Finally, Texas Yale Capital Corp. increased its holdings in Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 385 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WY. Truist Financial dropped their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Citigroup lowered their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.00.

About Weyerhaeuser

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.