Weyerhaeuser (NYSE:WY) Shares Acquired by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. lifted its position in Weyerhaeuser (NYSE:WY) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 47,125 shares of the real estate investment trust’s stock after acquiring an additional 525 shares during the period. Cascade Investment Advisors Inc.’s holdings in Weyerhaeuser were worth $1,327,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Weyerhaeuser by 27.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 565,350 shares of the real estate investment trust’s stock valued at $16,050,000 after acquiring an additional 121,808 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $633,000. APG Asset Management N.V. increased its holdings in shares of Weyerhaeuser by 223.5% in the second quarter. APG Asset Management N.V. now owns 94,661 shares of the real estate investment trust’s stock valued at $2,508,000 after purchasing an additional 65,400 shares during the last quarter. MBB Public Markets I LLC lifted its position in Weyerhaeuser by 613.9% during the second quarter. MBB Public Markets I LLC now owns 50,846 shares of the real estate investment trust’s stock worth $1,444,000 after buying an additional 43,724 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after buying an additional 1,308,125 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $30.86 on Tuesday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm’s 50 day moving average price is $29.73 and its 200-day moving average price is $30.88. The firm has a market cap of $22.42 billion, a P/E ratio of 41.70 and a beta of 1.42.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Friday, January 17th. Truist Financial cut their price objective 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. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

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.