Newbridge Financial Services Group Inc. Invests $57,000 in Weyerhaeuser (NYSE:WY)

Newbridge Financial Services Group Inc. bought a new stake in shares of Weyerhaeuser (NYSE:WY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,012 shares of the real estate investment trust’s stock, valued at approximately $57,000.

A number of other institutional investors have also recently added to or reduced their stakes in WY. CWM LLC lifted its stake in shares of 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 purchasing an additional 368 shares in the last quarter. Wedmont Private Capital lifted its position in Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 350 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Weyerhaeuser by 249.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,157 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 5,107 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $233,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WY has been the subject of several analyst reports. Truist Financial decreased their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given 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 target price of $35.00.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $30.13 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business has a 50 day simple moving average of $29.54 and a 200-day simple moving average of $30.92.

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, 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%. As a group, equities research analysts expect that Weyerhaeuser will post 0.8 earnings per share for the current year.

About Weyerhaeuser

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.