GC Wealth Management RIA LLC Increases Stake in Weyerhaeuser (NYSE:WY)

GC Wealth Management RIA LLC lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 141.2% during the 4th quarter, HoldingsChannel reports. The fund owned 22,678 shares of the real estate investment trust’s stock after acquiring an additional 13,274 shares during the period. GC Wealth Management RIA LLC’s holdings in Weyerhaeuser were worth $638,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WY. Baker Avenue Asset Management LP purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth about $361,000. Catalytic Wealth RIA LLC increased its position in Weyerhaeuser by 31.0% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 9,404 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 2,228 shares in the last quarter. Entropy Technologies LP increased its position in Weyerhaeuser by 162.2% during the 3rd quarter. Entropy Technologies LP now owns 109,745 shares of the real estate investment trust’s stock worth $3,716,000 after purchasing an additional 67,897 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Weyerhaeuser during the 3rd quarter worth approximately $440,000. Finally, Victory Capital Management Inc. increased its position in Weyerhaeuser by 11.8% during the 3rd quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust’s stock worth $15,474,000 after purchasing an additional 48,137 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Down 1.5 %

Shares of NYSE:WY opened at $29.61 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a 50 day moving average of $29.76 and a two-hundred day moving average of $30.80. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of 53.83, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

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%. As a group, analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

Analyst Ratings Changes

WY has been the subject of a number of research analyst reports. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.