Weyerhaeuser (NYSE:WY) Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC trimmed its position in Weyerhaeuser (NYSE:WY) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308,880 shares of the real estate investment trust’s stock after selling 7,700 shares during the period. Skba Capital Management LLC’s holdings in Weyerhaeuser were worth $8,695,000 at the end of the most recent reporting period.

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

Weyerhaeuser Price Performance

Shares of WY opened at $29.38 on Monday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.10. The stock’s fifty day moving average is $30.02 and its 200-day moving average is $30.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The firm has a market capitalization of $21.32 billion, a price-to-earnings ratio of 53.41, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

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

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.86%. Weyerhaeuser’s payout ratio is presently 152.73%.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent research reports. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.