Texas Yale Capital Corp. Acquires 385 Shares of Weyerhaeuser (NYSE:WY)

Texas Yale Capital Corp. increased its holdings in shares of Weyerhaeuser (NYSE:WY) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,924 shares of the real estate investment trust’s stock after purchasing an additional 385 shares during the period. Texas Yale Capital Corp.’s holdings in Weyerhaeuser were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HB Wealth Management LLC boosted its holdings in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 357 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 367 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 416 shares during the period. Unison Advisors LLC raised its position in shares of Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock valued at $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Prestige Wealth Management Group LLC raised its position in shares of Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 431 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $26.60 on Thursday. The firm’s fifty day moving average price is $29.33 and its two-hundred day moving average price is $30.33. The stock has a market cap of $19.31 billion, a PE ratio of 48.36, a PEG ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.26. 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 (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 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%. On average, equities analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is presently 152.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. 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 report on Monday, January 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research report on Tuesday. They issued an “overweight” rating and a $31.00 price target for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $34.50.

Weyerhaeuser Company 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.