Weyerhaeuser (NYSE:WY) Position Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Weyerhaeuser (NYSE:WY) by 3.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,111,713 shares of the real estate investment trust’s stock after purchasing an additional 40,320 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $31,528,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WY. Assetmark Inc. grew its stake in 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 buying an additional 922 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth about $44,000. Graney & King LLC bought a new stake in Weyerhaeuser in the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc boosted its stake in 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 purchasing an additional 486 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. Citigroup decreased their target price 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. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Three 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

WY opened at $29.38 on Friday. The business has a fifty day simple moving average of $30.02 and a 200-day simple moving average of $30.71. The firm has a market cap of $21.32 billion, a PE ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43. 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 has a fifty-two week low of $26.73 and a fifty-two week high of $36.10.

Weyerhaeuser (NYSE:WY) last issued its quarterly 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 return on equity of 3.86% and a net margin of 5.56%. As a group, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal 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. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 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.