Caisse Des Depots ET Consignations Invests $5.18 Million in Weyerhaeuser (NYSE:WY)

Caisse Des Depots ET Consignations acquired a new stake in Weyerhaeuser (NYSE:WY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 183,971 shares of the real estate investment trust’s stock, valued at approximately $5,179,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NEOS Investment Management LLC boosted its stake in shares of Weyerhaeuser by 31.0% in the 4th quarter. NEOS Investment Management LLC now owns 42,066 shares of the real estate investment trust’s stock valued at $1,184,000 after purchasing an additional 9,951 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Weyerhaeuser by 3.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,111,713 shares of the real estate investment trust’s stock valued at $31,528,000 after buying an additional 40,320 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $456,000. Graney & King LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth $44,000. Finally, Financial Counselors Inc. lifted its stake in shares of Weyerhaeuser by 1.9% in the 4th quarter. Financial Counselors Inc. now owns 30,493 shares of the real estate investment trust’s stock valued at $858,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.7 %

Weyerhaeuser stock opened at $29.41 on Thursday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. 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 50 day moving average price of $30.04 and a two-hundred day moving average price of $30.72. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 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 predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

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

Analysts Set New Price Targets

WY has been the topic of a number of research reports. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.