Norinchukin Bank The Acquires 1,987 Shares of Weyerhaeuser (NYSE:WY)

Norinchukin Bank The boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,223 shares of the real estate investment trust’s stock after buying an additional 1,987 shares during the quarter. Norinchukin Bank The’s holdings in Weyerhaeuser were worth $879,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WY. Assetmark Inc. boosted its stake in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the 4th quarter worth approximately $36,000. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $44,000. Graney & King LLC bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $44,000. Finally, AdvisorNet Financial Inc raised its position in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 4.3 %

Shares of WY opened at $24.70 on Tuesday. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a market cap of $17.93 billion, a price-to-earnings ratio of 44.91, a P/E/G ratio of 4.74 and a beta of 1.25. The company has a 50-day moving average price of $28.61 and a two-hundred day moving average price of $29.87. The company has a quick ratio of 1.17, a current ratio of 1.79 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, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.40%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 target price on the stock. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Truist Financial dropped their target price 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.50.

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.