PGGM Investments Has $997,000 Position in Weyerhaeuser (NYSE:WY)

PGGM Investments trimmed its stake in Weyerhaeuser (NYSE:WY) by 49.8% in the fourth quarter, HoldingsChannel reports. The firm owned 35,433 shares of the real estate investment trust’s stock after selling 35,101 shares during the period. PGGM Investments’ holdings in Weyerhaeuser were worth $997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Truist Financial Corp boosted its position 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 purchasing an additional 1,373 shares in the last quarter. Oak Thistle LLC acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $1,214,000. Sonora Investment Management Group LLC boosted its holdings in Weyerhaeuser by 56.5% in the fourth 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 in the last quarter. Czech National Bank grew its stake in Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after acquiring an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. increased its holdings in shares of Weyerhaeuser by 148.2% during the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after acquiring an additional 75,000 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WY shares. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Truist Financial reduced their price objective 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. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Down 1.3 %

Weyerhaeuser stock opened at $28.88 on Friday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. 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’s 50-day simple moving average is $29.80 and its 200 day simple moving average is $30.77. The stock has a market cap of $20.96 billion, a PE ratio of 52.52, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Research analysts predict 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. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. 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.