Sequoia Financial Advisors LLC Buys 2,062 Shares of Weyerhaeuser (NYSE:WY)

Sequoia Financial Advisors LLC lifted its position in Weyerhaeuser (NYSE:WY) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,624 shares of the real estate investment trust’s stock after buying an additional 2,062 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Weyerhaeuser were worth $1,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Weyerhaeuser during the 3rd quarter worth approximately $440,000. Victory Capital Management Inc. lifted its holdings in Weyerhaeuser by 11.8% during the third quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust’s stock valued at $15,474,000 after purchasing an additional 48,137 shares in the last quarter. Huntington National Bank boosted its holdings in Weyerhaeuser by 3.4% in the 3rd quarter. Huntington National Bank now owns 18,740 shares of the real estate investment trust’s stock worth $635,000 after buying an additional 623 shares during the last quarter. KBC Group NV increased its position in shares of Weyerhaeuser by 315.8% during the third quarter. KBC Group NV now owns 326,588 shares of the real estate investment trust’s stock worth $11,058,000 after purchasing an additional 248,035 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Weyerhaeuser by 17.8% in the third quarter. Metis Global Partners LLC now owns 77,573 shares of the real estate investment trust’s stock valued at $2,627,000 after buying an additional 11,694 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.53 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 1-year low of $26.73 and a 1-year high of $36.27. The business has a 50-day moving average of $29.83 and a 200-day moving average of $30.77. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 4.74 and a beta of 1.43.

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, 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%. On average, equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.85%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is presently 152.73%.

Wall Street Analysts Forecast Growth

WY has been the topic of several analyst reports. Truist Financial reduced their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. CIBC raised 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. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.