Mitsubishi UFJ Trust & Banking Corp Sells 19,062 Shares of Weyerhaeuser (NYSE:WY)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 4.7% in the 4th quarter, Holdings Channel reports. The firm owned 383,748 shares of the real estate investment trust’s stock after selling 19,062 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Weyerhaeuser were worth $10,803,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $44,000. AdvisorNet Financial Inc raised its position in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 486 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Three investment 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. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Down 0.7 %

NYSE WY opened at $29.38 on Friday. The stock has a market cap of $21.32 billion, a PE ratio of 53.41, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.10. The company’s 50-day moving average price is $30.02 and its 200-day moving average price is $30.71. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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 research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.86%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.