Barings LLC Has $3.55 Million Stock Position in Weyerhaeuser (NYSE:WY)

Barings LLC lifted its position in Weyerhaeuser (NYSE:WY) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,160 shares of the real estate investment trust’s stock after buying an additional 33,474 shares during the quarter. Barings LLC’s holdings in Weyerhaeuser were worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Lifeworks Advisors LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $228,000. Larson Financial Group LLC raised its stake in Weyerhaeuser by 23.9% during the 4th quarter. Larson Financial Group LLC now owns 60,385 shares of the real estate investment trust’s stock valued at $1,700,000 after purchasing an additional 11,639 shares during the last quarter. Candriam S.C.A. raised its stake in Weyerhaeuser by 5.1% during the 4th quarter. Candriam S.C.A. now owns 77,546 shares of the real estate investment trust’s stock valued at $2,183,000 after purchasing an additional 3,746 shares during the last quarter. Inceptionr LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at $1,228,000. Finally, Raymond James Financial Inc. acquired a new position in Weyerhaeuser during the 4th quarter valued at $26,206,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 1.5 %

Shares of WY stock opened at $30.69 on Friday. The firm has a fifty day moving average of $29.69 and a 200-day moving average of $30.81. 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 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 55.80, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its earnings results 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 net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.74%. Weyerhaeuser’s dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WY. 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. Citigroup cut their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $35.00.

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.