22,192 Shares in Weyerhaeuser (NYSE:WY) Purchased by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC purchased a new stake in shares of Weyerhaeuser (NYSE:WY) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,192 shares of the real estate investment trust’s stock, valued at approximately $625,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fiduciary Trust Co boosted 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 worth $1,801,000 after purchasing an additional 331 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 367 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 448 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Weyerhaeuser by 9.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 448 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, December 6th. Truist Financial decreased 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 upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Citigroup decreased 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. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $29.53 on Friday. The firm’s 50 day moving average is $29.83 and its 200 day moving average is $30.77. The stock has a market capitalization of $21.42 billion, a P/E ratio of 53.68, a PEG ratio of 4.74 and a beta of 1.43. 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.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.85%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) 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.