Asset Planning Inc Buys Shares of 1,280 Weyerhaeuser (NYSE:WY)

Asset Planning Inc bought a new stake in Weyerhaeuser (NYSE:WY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,280 shares of the real estate investment trust’s stock, valued at approximately $36,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after acquiring an additional 368 shares during the period. Exchange Traded Concepts LLC bought a new position in Weyerhaeuser during the third quarter worth $233,000. Creative Planning increased its position in Weyerhaeuser by 22.4% during the third quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock worth $2,509,000 after acquiring an additional 13,572 shares during the period. Asset Dedication LLC increased its position in Weyerhaeuser by 173.4% during the third quarter. Asset Dedication LLC now owns 1,766 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,120 shares during the period. Finally, SPC Financial Inc. increased its position in Weyerhaeuser by 8.6% during the third quarter. SPC Financial Inc. now owns 15,182 shares of the real estate investment trust’s stock worth $514,000 after acquiring an additional 1,200 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WY shares. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Truist Financial lowered their price target 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 investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Down 0.3 %

Shares of NYSE:WY opened at $29.60 on Friday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company’s fifty day moving average is $29.41 and its 200-day moving average is $30.89. The company has a market capitalization of $21.51 billion, a PE ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS 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%. Equities research analysts predict that Weyerhaeuser will post 0.8 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 given a dividend of $0.21 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.84%. Weyerhaeuser’s dividend payout ratio is 145.46%.

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.