Proficio Capital Partners LLC Invests $1.69 Million in Weyerhaeuser (NYSE:WY)

Proficio Capital Partners LLC acquired a new stake in Weyerhaeuser (NYSE:WY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 60,133 shares of the real estate investment trust’s stock, valued at approximately $1,693,000.

Several other hedge funds have also added to or reduced their stakes in WY. GSA Capital Partners LLP acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at approximately $440,000. Victory Capital Management Inc. raised its stake in shares of Weyerhaeuser by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust’s stock valued at $15,474,000 after purchasing an additional 48,137 shares during the period. Empowered Funds LLC boosted its position in shares of Weyerhaeuser by 5.2% during the third quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust’s stock worth $1,460,000 after buying an additional 2,129 shares during the period. Natixis Advisors LLC raised its position in Weyerhaeuser by 7.2% in the 3rd quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust’s stock valued at $5,417,000 after buying an additional 10,798 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Weyerhaeuser by 5.3% in the third quarter. Mutual of America Capital Management LLC now owns 189,758 shares of the real estate investment trust’s stock valued at $6,425,000 after purchasing an additional 9,569 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.90 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock has a market capitalization of $21.70 billion, a PE ratio of 54.37, a P/E/G ratio of 4.74 and a beta of 1.43. The business has a fifty day moving average price of $29.94 and a two-hundred day moving average price of $30.75.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Analyst Ratings Changes

Several equities research analysts have commented on WY shares. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. BMO Capital Markets upgraded 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. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Truist Financial cut their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus 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.