Kentucky Retirement Systems Reduces Stock Position in Weyerhaeuser (NYSE:WY)

Kentucky Retirement Systems reduced its holdings in Weyerhaeuser (NYSE:WY) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,980 shares of the real estate investment trust’s stock after selling 689 shares during the period. Kentucky Retirement Systems’ holdings in Weyerhaeuser were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WY. Creative Planning boosted its stake in shares of Weyerhaeuser by 22.4% during the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock worth $2,509,000 after purchasing an additional 13,572 shares during the period. Signaturefd LLC boosted its stake in shares of Weyerhaeuser by 22.9% during the 3rd quarter. Signaturefd LLC now owns 4,874 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 908 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Weyerhaeuser by 6,118.3% during the 3rd quarter. International Assets Investment Management LLC now owns 196,125 shares of the real estate investment trust’s stock worth $6,641,000 after purchasing an additional 192,971 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Weyerhaeuser by 2.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 96,094 shares of the real estate investment trust’s stock worth $3,254,000 after purchasing an additional 2,343 shares during the period. Finally, Dakota Wealth Management boosted its stake in shares of Weyerhaeuser by 4.3% during the 3rd quarter. Dakota Wealth Management now owns 14,881 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 617 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 1.0 %

NYSE:WY opened at $29.69 on Monday. 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 quick ratio of 1.17 and a current ratio of 1.79. 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 firm has a 50-day simple moving average of $29.26 and a 200-day simple moving average of $30.80.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. Equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is currently 145.46%.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. Truist Financial dropped their price target 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. BMO Capital Markets upgraded shares of 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. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. 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 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus 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.