32,229 Shares in Weyerhaeuser (NYSE:WY) Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 32,229 shares of the real estate investment trust's stock, valued at approximately $1,121,000.

A number of other institutional investors also recently bought and sold shares of WY. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth about $26,000. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. grew its holdings in Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 728 shares during the period. Lindbrook Capital LLC grew its stake in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 427 shares during the period. Finally, Princeton Global Asset Management LLC increased its holdings in shares of Weyerhaeuser by 400.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 1,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the topic of several recent analyst reports. Royal Bank of Canada lowered their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Monday, April 29th. StockNews.com cut Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. BMO Capital Markets boosted their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a research report on Friday, March 22nd. Truist Financial restated a "hold" rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a "neutral" rating in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $37.67.

Weyerhaeuser Trading Down 0.0 %

WY stock traded down $0.01 during midday trading on Monday, hitting $31.08. The stock had a trading volume of 1,961,546 shares, compared to its average volume of 3,448,650. The company's 50-day moving average price is $33.69 and its 200 day moving average price is $32.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The firm has a market cap of $22.66 billion, a PE ratio of 28.26 and a beta of 1.47. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, equities research analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. Weyerhaeuser's payout ratio is currently 72.73%.

Insider Buying and Selling

In other Weyerhaeuser news, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, SVP Keith O'rear sold 8,349 shares of the firm's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares of the company's stock, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

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.

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.