Lee Danner & Bass Inc. Invests $44,000 in Weyerhaeuser (NYSE:WY)

Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser (NYSE:WY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,564 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Whittier Trust Co. lifted its stake in shares of Weyerhaeuser by 9.5% during the fourth quarter. Whittier Trust Co. now owns 18,856 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 1,636 shares during the period. Magnetar Financial LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter worth $4,103,000. North Forty Two & Co. purchased a new position in shares of Weyerhaeuser during the fourth quarter worth $402,000. Kennondale Capital Management LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter worth $484,000. Finally, Mystic Asset Management Inc. purchased a new position in shares of Weyerhaeuser during the fourth quarter worth $319,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

WY opened at $29.18 on Friday. The firm has a market capitalization of $21.17 billion, a PE ratio of 53.05, a PEG 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 firm’s 50-day moving average price is $30.03 and its 200 day moving average price is $30.74. 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 quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. Weyerhaeuser’s payout ratio is presently 152.73%.

Analyst Ratings Changes

Several research analysts recently issued reports on WY shares. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. Truist Financial reduced their target price 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. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Raymond James raised shares of 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. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.