Eastern Bank Has $110,000 Stock Position in Weyerhaeuser (NYSE:WY)

Eastern Bank raised its stake in Weyerhaeuser (NYSE:WY) by 82.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the real estate investment trust’s stock after acquiring an additional 1,760 shares during the quarter. Eastern Bank’s holdings in Weyerhaeuser were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser in the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $27,000. Bangor Savings Bank raised its stake in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 651 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WY. BMO Capital Markets upgraded 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. Raymond James upgraded 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. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Finally, Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.57.

Weyerhaeuser Stock Up 1.1 %

Shares of Weyerhaeuser stock opened at $28.97 on Wednesday. The company has a market capitalization of $21.05 billion, a P/E ratio of 39.15 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The business has a 50-day moving average of $29.92 and a two-hundred day moving average of $30.73. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the business earned $0.33 EPS. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Weyerhaeuser’s payout ratio is 108.11%.

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.