NovaPoint Capital LLC Has $414,000 Stake in Weyerhaeuser (NYSE:WY)

NovaPoint Capital LLC grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,708 shares of the real estate investment trust’s stock after acquiring an additional 560 shares during the quarter. NovaPoint Capital LLC’s holdings in Weyerhaeuser were worth $414,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WY. Tectonic Advisors LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth about $413,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Weyerhaeuser by 25.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,933 shares of the real estate investment trust’s stock worth $2,013,000 after buying an additional 14,549 shares in the last quarter. Guidance Capital Inc. purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at $897,000. E. Ohman J or Asset Management AB increased its holdings in Weyerhaeuser by 8.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 33,900 shares of the real estate investment trust’s stock worth $954,000 after buying an additional 2,500 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Weyerhaeuser by 5.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 16,733 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 806 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WY. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 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. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday. Three 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $30.34 on Thursday. The stock’s 50-day simple moving average is $29.66 and its two-hundred day simple moving average is $30.92. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market capitalization of $22.04 billion, a P/E ratio of 55.16 and a beta of 1.42. 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 (NYSE:WY) last released its 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 return on equity of 3.86% and a net margin of 5.56%. As a group, equities analysts anticipate that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%. Weyerhaeuser’s dividend payout ratio (DPR) 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.