Inspire Trust Co. N.A. Buys 25,380 Shares of Weyerhaeuser (NYSE:WY)

Inspire Trust Co. N.A. lifted its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,000 shares of the real estate investment trust's stock after purchasing an additional 25,380 shares during the quarter. Weyerhaeuser accounts for approximately 1.1% of Inspire Trust Co. N.A.'s portfolio, making the stock its 21st largest position. Inspire Trust Co. N.A.'s holdings in Weyerhaeuser were worth $4,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WY. South Plains Financial Inc. purchased a new stake in Weyerhaeuser in the fourth quarter worth approximately $25,000. Assetmark Inc. lifted its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser in the fourth quarter valued at approximately $36,000. TD Waterhouse Canada Inc. lifted its position in Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 1.8%

WY stock traded up $0.44 on Tuesday, reaching $25.67. The company's stock had a trading volume of 987,130 shares, compared to its average volume of 3,742,838. The business has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $28.76. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03. The firm has a market cap of $18.62 billion, a PE ratio of 46.68, a PEG ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

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

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.27%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser declared that its board has initiated a share repurchase program on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

WY has been the subject of several recent research reports. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. CIBC lowered their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Truist Financial lowered their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.75.

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.