Tower Research Capital LLC TRC Reduces Holdings in Weyerhaeuser (NYSE:WY)

Tower Research Capital LLC TRC trimmed its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,347 shares of the real estate investment trust's stock after selling 28,837 shares during the quarter. Tower Research Capital LLC TRC's holdings in Weyerhaeuser were worth $742,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Cohen & Steers Inc. lifted its position in Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock valued at $1,095,726,000 after acquiring an additional 14,213,243 shares during the last quarter. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter worth about $638,470,000. Geode Capital Management LLC grew its position in shares of Weyerhaeuser by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after purchasing an additional 637,643 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after buying an additional 158,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock valued at $252,958,000 after purchasing an additional 245,962 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded down $0.06 during trading on Thursday, reaching $25.86. The company had a trading volume of 2,314,083 shares, compared to its average volume of 3,732,085. 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 firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The stock's fifty day moving average price is $28.02 and its 200 day moving average price is $29.55. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03.

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

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.25%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WY. 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. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial reduced their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target for the company. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.