Weyerhaeuser (NYSE:WY) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC cut its holdings in Weyerhaeuser (NYSE:WY) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,714 shares of the real estate investment trust’s stock after selling 442 shares during the period. Sentry Investment Management LLC’s holdings in Weyerhaeuser were worth $76,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 12.7% in the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after buying an additional 4,035,048 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Weyerhaeuser by 257.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after acquiring an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. lifted its position in Weyerhaeuser by 2,664.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after purchasing an additional 2,116,520 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Weyerhaeuser during the 3rd quarter valued at about $40,773,000. Finally, Van ECK Associates Corp boosted its stake in Weyerhaeuser by 2,221.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock valued at $39,674,000 after purchasing an additional 1,191,983 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WY. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Three investment 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 stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Up 0.8 %

WY opened at $30.06 on Friday. 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 has a market capitalization of $21.81 billion, a PE ratio of 54.66, a P/E/G ratio of 4.74 and a beta of 1.42. The stock’s fifty day moving average is $29.37 and its 200-day moving average is $30.78. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its 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 return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

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