Janney Montgomery Scott LLC Buys 10,601 Shares of Weyerhaeuser (NYSE:WY)

Janney Montgomery Scott LLC grew its position in shares of Weyerhaeuser (NYSE:WY) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,746 shares of the real estate investment trust’s stock after buying an additional 10,601 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Weyerhaeuser were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of WY. Oak Thistle LLC purchased a new stake in Weyerhaeuser during the fourth quarter valued at approximately $1,214,000. Czech National Bank increased its stake in shares of Weyerhaeuser by 6.3% in the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after purchasing an additional 9,377 shares in the last quarter. Inspire Trust Co. N.A. raised its holdings in Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after purchasing an additional 75,000 shares during the period. Franklin Resources Inc. lifted its position in Weyerhaeuser by 10.2% during the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Weyerhaeuser by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock valued at $54,231,000 after purchasing an additional 181,973 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Down 2.0 %

Shares of Weyerhaeuser stock opened at $30.15 on Wednesday. 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 firm has a market cap of $21.91 billion, a price-to-earnings ratio of 54.82 and a beta of 1.42. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business has a 50-day moving average price of $29.70 and a 200-day moving average price of $30.92.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities research analysts anticipate that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s payout ratio is 145.46%.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of analyst reports. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, December 6th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser 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.