Weyerhaeuser (NYSE:WY) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,020 shares of the real estate investment trust’s stock after selling 32,225 shares during the quarter. National Bank of Canada FI’s holdings in Weyerhaeuser were worth $9,825,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new stake in Weyerhaeuser in the third quarter valued at $297,000. Integrated Wealth Concepts LLC lifted its stake in shares of Weyerhaeuser by 2.5% in the third 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 during the period. IHT Wealth Management LLC purchased a new stake in Weyerhaeuser during the third quarter worth about $407,000. Quantinno Capital Management LP grew its position in Weyerhaeuser by 17.7% during the third quarter. Quantinno Capital Management LP now owns 17,020 shares of the real estate investment trust’s stock worth $576,000 after buying an additional 2,563 shares during the period. Finally, Stifel Financial Corp increased its holdings in Weyerhaeuser by 9.3% in the third quarter. Stifel Financial Corp now owns 677,214 shares of the real estate investment trust’s stock valued at $22,931,000 after buying an additional 57,479 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WY shares. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company 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 stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Down 4.4 %

Shares of NYSE WY opened at $26.22 on Friday. The firm’s 50 day moving average price is $29.84 and its 200 day moving average price is $30.58. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The firm has a market cap of $19.03 billion, a P/E ratio of 47.67, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 1 year low of $26.07 and a 1 year high of $35.08.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business 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. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 3.20%. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.