Ancora Advisors LLC Increases Position in Weyerhaeuser (NYSE:WY)

Ancora Advisors LLC boosted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,379 shares of the real estate investment trust's stock after purchasing an additional 114,931 shares during the quarter. Ancora Advisors LLC owned about 0.11% of Weyerhaeuser worth $22,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WY. AXA S.A. lifted its position in Weyerhaeuser by 123.0% during the fourth quarter. AXA S.A. now owns 18,197 shares of the real estate investment trust's stock valued at $512,000 after acquiring an additional 10,036 shares during the last quarter. Wahed Invest LLC boosted its position in shares of Weyerhaeuser by 2.4% in the 4th quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 420 shares in the last quarter. South Plains Financial Inc. purchased a new position in Weyerhaeuser during the 4th quarter worth $25,000. Parvin Asset Management LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at about $267,000. Finally, Gallo Partners LP purchased a new stake in Weyerhaeuser in the fourth quarter valued at about $1,506,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. CIBC lowered their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. Finally, Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.75.

Weyerhaeuser Price Performance

NYSE:WY opened at $26.18 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a 50 day moving average price of $27.86 and a 200-day moving average price of $29.46. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 47.60, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.21%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 168.00%.

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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.