Sanctuary Advisors LLC Sells 2,300 Shares of Weyerhaeuser (NYSE:WY)

Sanctuary Advisors LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,486 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Sanctuary Advisors LLC’s holdings in Weyerhaeuser were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares during the last quarter. State Street Corp lifted its holdings in Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after buying an additional 761,757 shares in the last quarter. Geode Capital Management LLC boosted its position in Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after buying an additional 217,510 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 2.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust’s stock valued at $247,793,000 after buying an additional 249,257 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Weyerhaeuser by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after buying an additional 454,095 shares during the period. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Up 0.8 %

NYSE WY opened at $30.06 on Friday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm has a market cap of $21.81 billion, a P/E ratio of 54.66, a P/E/G ratio of 4.74 and a beta of 1.42. The stock’s 50-day moving average is $29.37 and its 200-day moving average is $30.78.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business 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 is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s payout ratio is currently 152.73%.

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.