HighTower Advisors LLC Has $9.30 Million Position in Weyerhaeuser (NYSE:WY)

HighTower Advisors LLC increased its holdings in shares of Weyerhaeuser (NYSE:WY) by 61.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,350 shares of the real estate investment trust’s stock after acquiring an additional 125,451 shares during the quarter. HighTower Advisors LLC’s holdings in Weyerhaeuser were worth $9,299,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Truist Financial Corp increased its holdings in shares of Weyerhaeuser by 2.8% during the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after acquiring an additional 1,373 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $1,214,000. Sonora Investment Management Group LLC increased its holdings in shares of Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock worth $1,458,000 after acquiring an additional 18,698 shares during the last quarter. Czech National Bank increased its holdings in shares of Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after acquiring an additional 9,377 shares during the last quarter. Finally, Inspire Trust Co. N.A. increased its holdings in shares of Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 75,000 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.00 on Tuesday. The stock has a fifty day moving average price of $29.86 and a 200-day moving average price of $30.76. The company has a market cap of $21.76 billion, a price-to-earnings ratio of 54.54, a PEG ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping 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, equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal 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 dividend of $0.21 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Analysts Set New Price Targets

A number of brokerages have commented on WY. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Truist Financial decreased their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.