20,000 Shares in Weyerhaeuser (NYSE:WY) Acquired by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC acquired a new stake in Weyerhaeuser (NYSE:WY) in the 4th quarter, Holdings Channel.com reports. The fund acquired 20,000 shares of the real estate investment trust’s stock, valued at approximately $563,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new position in Weyerhaeuser in the 4th quarter valued at $1,214,000. Sonora Investment Management Group LLC increased its stake in shares of Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock valued at $1,458,000 after purchasing an additional 18,698 shares during the last quarter. Czech National Bank increased its stake in shares of Weyerhaeuser by 6.3% in the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after purchasing an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. increased its stake in shares of Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.69 on Friday. The stock has a fifty day simple moving average of $29.26 and a two-hundred day simple moving average of $30.82. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. 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 issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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%. Analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is 145.46%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 15th. 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 report on Friday, December 6th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. Three investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.