Russell Investments Group Ltd. Has $84.42 Million Stock Position in Weyerhaeuser (NYSE:WY)

Russell Investments Group Ltd. raised its holdings in Weyerhaeuser (NYSE:WY) by 29.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,000,255 shares of the real estate investment trust’s stock after acquiring an additional 678,539 shares during the quarter. Russell Investments Group Ltd.’s holdings in Weyerhaeuser were worth $84,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. bought a new position in Weyerhaeuser in the fourth quarter valued at about $3,624,000. Unison Advisors LLC grew its holdings in shares of Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 419 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $10,603,000. Westpac Banking Corp lifted its stake in Weyerhaeuser by 2.1% in the 4th quarter. Westpac Banking Corp now owns 126,982 shares of the real estate investment trust’s stock valued at $3,575,000 after purchasing an additional 2,572 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Weyerhaeuser by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,945,694 shares of the real estate investment trust’s stock valued at $111,071,000 after buying an additional 26,345 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WY shares. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $26.22 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $26.07 and a one year high of $35.08. The business’s 50 day simple moving average is $29.84 and its 200 day simple moving average is $30.58. The stock has a market capitalization of $19.03 billion, a PE ratio of 47.67, a PEG ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.20%. Weyerhaeuser’s dividend payout ratio (DPR) 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.