Pine Valley Investments Ltd Liability Co Grows Stock Holdings in Weyerhaeuser (NYSE:WY)

Pine Valley Investments Ltd Liability Co raised its stake in shares of Weyerhaeuser (NYSE:WY) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,481 shares of the real estate investment trust’s stock after acquiring an additional 2,655 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Weyerhaeuser were worth $1,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Weyerhaeuser by 0.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,791 shares of the real estate investment trust’s stock valued at $1,754,000 after buying an additional 550 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Weyerhaeuser by 11.0% in the second quarter. Assenagon Asset Management S.A. now owns 93,751 shares of the real estate investment trust’s stock valued at $2,662,000 after acquiring an additional 9,327 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Weyerhaeuser by 36.8% during the second quarter. Blue Trust Inc. now owns 9,811 shares of the real estate investment trust’s stock worth $279,000 after acquiring an additional 2,637 shares during the period. Accordant Advisory Group Inc raised its holdings in Weyerhaeuser by 1.2% during the second quarter. Accordant Advisory Group Inc now owns 80,276 shares of the real estate investment trust’s stock worth $2,279,000 after purchasing an additional 942 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its holdings in Weyerhaeuser by 4.4% in the 2nd quarter. Sarasin & Partners LLP now owns 581,137 shares of the real estate investment trust’s stock valued at $16,498,000 after purchasing an additional 24,400 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 1.6 %

Shares of WY stock opened at $30.40 on Friday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 41.08 and a beta of 1.40. The firm has a 50-day moving average price of $31.83 and a 200 day moving average price of $30.85. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. Research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.63%. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WY shares. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial raised their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.33.

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.