Lee Danner & Bass Inc. Purchases New Position in Weyerhaeuser (NYSE:WY)

Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser (NYSE:WY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,564 shares of the real estate investment trust’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Wellington Management Group LLP raised its position in Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Weyerhaeuser by 257.2% during the third 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. increased its position in shares of Weyerhaeuser by 122.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock worth $137,417,000 after acquiring an additional 2,685,634 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Weyerhaeuser during the third quarter worth approximately $40,773,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $26,206,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WY shares. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Price Performance

Shares of WY opened at $29.18 on Friday. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $30.03 and a two-hundred day moving average of $30.74.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 predict 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 was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.88%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

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.