Eastern Bank Has $110,000 Stock Position in Weyerhaeuser (NYSE:WY)

Eastern Bank boosted its position in Weyerhaeuser (NYSE:WY) by 82.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the real estate investment trust’s stock after buying an additional 1,760 shares during the quarter. Eastern Bank’s holdings in Weyerhaeuser were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH grew its position in shares of Weyerhaeuser by 2.3% in the fourth quarter. Trust Co. of Toledo NA OH now owns 44,019 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 1,000 shares during the last quarter. Czech National Bank grew its holdings in 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 buying an additional 9,377 shares during the last quarter. Nordea Investment Management AB increased its position in Weyerhaeuser by 10.5% in the 4th quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock worth $54,231,000 after buying an additional 181,973 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $403,000. Finally, GAMMA Investing LLC boosted its position in shares of Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 448 shares during the period. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WY shares. 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 note on Monday, January 6th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.57.

Weyerhaeuser Trading Up 1.1 %

Shares of WY opened at $28.97 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market cap of $21.05 billion, a PE ratio of 39.15 and a beta of 1.42. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock has a 50 day simple moving average of $29.92 and a 200-day simple moving average of $30.73.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.76%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

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.