Ninepoint Partners LP Sells 635 Shares of Weyerhaeuser (NYSE:WY)

Ninepoint Partners LP reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,316 shares of the real estate investment trust’s stock after selling 635 shares during the period. Ninepoint Partners LP’s holdings in Weyerhaeuser were worth $115,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WY. Ascent Group LLC lifted its stake in shares of Weyerhaeuser by 3.8% in the third quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 348 shares in the last quarter. MMA Asset Management LLC increased its holdings in Weyerhaeuser by 4.9% during the 2nd quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 349 shares in the last quarter. SVB Wealth LLC boosted its position in shares of Weyerhaeuser by 3.2% during the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 351 shares during the last quarter. Home Federal Bank of Tennessee grew its holdings in Weyerhaeuser by 1.0% during the third quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock worth $1,126,000 after buying an additional 355 shares in the last quarter. Finally, Xponance Inc. raised its position in Weyerhaeuser by 0.4% in the 3rd quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 380 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WY has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets lifted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.00.

Weyerhaeuser Price Performance

NYSE WY remained flat at $31.35 during trading hours on Friday. The company’s stock had a trading volume of 1,299,232 shares, compared to its average volume of 3,417,808. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $34.15 and a 200-day moving average price of $32.65. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The stock has a market capitalization of $22.87 billion, a PE ratio of 27.41 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. As a group, sell-side analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. Weyerhaeuser’s dividend payout ratio is 69.57%.

About Weyerhaeuser

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.