Huntington National Bank Has $504,000 Stake in Weyerhaeuser (NYSE:WY)

Huntington National Bank decreased its holdings in Weyerhaeuser (NYSE:WY) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,921 shares of the real estate investment trust’s stock after selling 819 shares during the quarter. Huntington National Bank’s holdings in Weyerhaeuser were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WY. Assetmark Inc. raised its stake in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at $36,000. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at $44,000. Graney & King LLC bought a new position in shares of Weyerhaeuser in the 4th quarter worth $44,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 486 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Finally, Truist Financial reduced their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Trading Down 4.4 %

Shares of NYSE:WY opened at $26.22 on Friday. The stock has a market capitalization of $19.03 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The company’s 50-day moving average price is $29.84 and its two-hundred day moving average price is $30.60. 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 one year low of $26.07 and a one year high of $35.08.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

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.