Weyerhaeuser (NYSE:WY) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its holdings in shares of Weyerhaeuser (NYSE:WY) by 148.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 125,620 shares of the real estate investment trust’s stock after acquiring an additional 75,000 shares during the period. Weyerhaeuser makes up approximately 1.2% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 22nd largest holding. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $4,253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after acquiring an additional 67,314 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in shares of Weyerhaeuser in the third quarter valued at about $260,000. Synovus Financial Corp increased its holdings in shares of Weyerhaeuser by 23.5% in the third quarter. Synovus Financial Corp now owns 31,149 shares of the real estate investment trust’s stock valued at $1,055,000 after purchasing an additional 5,921 shares during the period. Tidal Investments LLC raised its stake in shares of Weyerhaeuser by 9.4% in the third quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust’s stock worth $8,741,000 after purchasing an additional 22,178 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Weyerhaeuser during the third quarter worth about $1,070,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $30.40 on Friday. The company has a market capitalization of $22.09 billion, a PE ratio of 41.08 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The company’s fifty day moving average price is $31.78 and its 200 day moving average price is $30.85. 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 the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, research analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WY. BMO Capital Markets upgraded 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. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $36.33.

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.