Uniplan Investment Counsel Inc. Buys 43,139 Shares of Weyerhaeuser (NYSE:WY)

Uniplan Investment Counsel Inc. boosted its position in Weyerhaeuser (NYSE:WY) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 626,702 shares of the real estate investment trust’s stock after acquiring an additional 43,139 shares during the quarter. Weyerhaeuser accounts for approximately 1.6% of Uniplan Investment Counsel Inc.’s portfolio, making the stock its 17th largest holding. Uniplan Investment Counsel Inc. owned about 0.09% of Weyerhaeuser worth $17,642,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC grew its holdings in shares of Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 357 shares during the last quarter. Texas Yale Capital Corp. grew its stake in shares of Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 385 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Weyerhaeuser by 13.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 416 shares during the period. Unison Advisors LLC lifted its stake in shares of Weyerhaeuser by 0.6% in the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock valued at $1,938,000 after acquiring an additional 419 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in Weyerhaeuser by 4.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 4.3 %

NYSE:WY opened at $24.70 on Tuesday. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a market capitalization of $17.93 billion, a PE ratio of 44.91, a P/E/G ratio of 4.74 and a beta of 1.25. The firm’s 50-day moving average price is $28.61 and its 200-day moving average price is $29.87. 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 (NYSE:WY) last announced its 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 net margin of 5.56% and a return on equity of 3.86%. On average, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Analysts Set New Price Targets

Several brokerages have weighed in on WY. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price target for the company. Truist Financial cut their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.50.

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.