Citigroup Inc. significantly increased its stake in Weyerhaeuser Company (NYSE:WY) by 68.5% in the 3rd quarter, acquiring an additional 669,451 shares and now owning 1,647,285 shares valued at $40.84 million. This move is part of a broader trend of institutional investors adjusting their positions in the real estate investment trust. Insider activity also shows directors purchasing shares, indicating confidence in the company, while analysts generally rate Weyerhaeuser as a “Hold” with a consensus target price of $28.88.
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Citigroup Inc. Acquires 669,451 Shares of Weyerhaeuser Company $WY
Citigroup Inc. significantly increased its stake in Weyerhaeuser Company (NYSE:WY) by 68.5% in the 3rd quarter, acquiring an additional 669,451 shares and now owning 1,647,285 shares valued at $40.84 million. This move is part of a broader trend of institutional investors adjusting their positions in the real estate investment trust. Insider activity also shows directors purchasing shares, indicating confidence in the company, while analysts generally rate Weyerhaeuser as a “Hold” with a consensus target price of $28.88.