Allworth Financial LP Boosts Stock Position in Weyerhaeuser (NYSE:WY)

Allworth Financial LP grew its stake in Weyerhaeuser (NYSE:WY) by 93.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,951 shares of the real estate investment trust’s stock after purchasing an additional 3,356 shares during the period. Allworth Financial LP’s holdings in Weyerhaeuser were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Principal Securities Inc. grew its position in shares of Weyerhaeuser by 12.2% in the fourth quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 779 shares in the last quarter. WASHINGTON TRUST Co grew its position in shares of Weyerhaeuser by 23.7% in the fourth quarter. WASHINGTON TRUST Co now owns 2,503 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 480 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $36,000. Asset Management One Co. Ltd. grew its position in Weyerhaeuser by 16.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust’s stock worth $8,596,000 after acquiring an additional 42,630 shares during the period. Finally, Values First Advisors Inc. grew its position in Weyerhaeuser by 3.4% in the fourth quarter. Values First Advisors Inc. now owns 16,387 shares of the real estate investment trust’s stock worth $461,000 after acquiring an additional 544 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company 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 for the company in a research report on Friday, December 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Trading Down 1.0 %

WY opened at $29.69 on Friday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The business has a fifty day simple moving average of $29.26 and a 200-day simple moving average of $30.81. The firm has a market cap of $21.54 billion, a P/E ratio of 53.97, a P/E/G ratio of 4.74 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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%. On average, equities analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

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

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.