B. Riley Wealth Advisors Inc. Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

B. Riley Wealth Advisors Inc. reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 53.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,791 shares of the real estate investment trust's stock after selling 25,332 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Weyerhaeuser were worth $613,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WY. Barclays PLC boosted its stake in shares of Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock valued at $59,406,000 after purchasing an additional 153,919 shares during the period. Janney Montgomery Scott LLC lifted its stake in Weyerhaeuser by 33.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust's stock worth $1,203,000 after acquiring an additional 10,601 shares during the period. Exchange Traded Concepts LLC lifted its stake in Weyerhaeuser by 13.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 7,790 shares of the real estate investment trust's stock worth $219,000 after acquiring an additional 922 shares during the period. Blue Trust Inc. lifted its stake in Weyerhaeuser by 11.3% in the fourth quarter. Blue Trust Inc. now owns 14,943 shares of the real estate investment trust's stock worth $421,000 after acquiring an additional 1,514 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Weyerhaeuser by 10.9% in the fourth quarter. Pacer Advisors Inc. now owns 60,643 shares of the real estate investment trust's stock worth $1,707,000 after acquiring an additional 5,948 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on WY. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. 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 price objective for the company. Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. CIBC reduced their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Stock Down 0.5%

Shares of WY traded down $0.13 during mid-day trading on Friday, hitting $25.91. 11,663,758 shares of the company traded hands, compared to its average volume of 3,791,705. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $18.79 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The business has a 50 day moving average of $26.26 and a 200 day moving average of $28.65.

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

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.24%. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Weyerhaeuser declared that its board has authorized a share buyback plan on Thursday, May 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.