Washington Trust Advisors Inc. Sells 482 Shares of Weyerhaeuser (NYSE:WY)

Washington Trust Advisors Inc. lessened its holdings in Weyerhaeuser (NYSE:WY) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the real estate investment trust’s stock after selling 482 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Weyerhaeuser were worth $90,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fiduciary Trust Co increased its holdings in Weyerhaeuser by 0.6% in the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after buying an additional 331 shares during the period. HB Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 367 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Weyerhaeuser by 3.7% in the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 448 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Weyerhaeuser by 9.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, December 6th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Raymond James upgraded 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 note on Monday, December 23rd. Finally, Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Down 2.3 %

Shares of NYSE WY opened at $30.21 on Friday. The firm’s 50-day simple moving average is $29.64 and its 200 day simple moving average is $30.80. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 54.93, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s payout ratio is currently 152.73%.

Weyerhaeuser Company 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.