ExodusPoint Capital Management LP Acquires Shares of 376,662 Weyerhaeuser (NYSE:WY)

ExodusPoint Capital Management LP bought a new position in shares of Weyerhaeuser (NYSE:WY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 376,662 shares of the real estate investment trust’s stock, valued at approximately $10,603,000. ExodusPoint Capital Management LP owned 0.05% of Weyerhaeuser as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HB Wealth Management LLC boosted its stake in 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. Integrated Wealth Concepts LLC boosted its position in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in Weyerhaeuser by 4.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 431 shares in the last quarter. GAMMA Investing LLC raised its position in Weyerhaeuser by 3.7% in the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 448 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Weyerhaeuser by 9.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 448 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on WY. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Finally, Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three research 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. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Trading Down 4.4 %

Shares of WY stock opened at $26.22 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a market cap of $19.03 billion, a P/E ratio of 47.67, a PEG ratio of 4.74 and a beta of 1.25. The company has a 50 day moving average of $29.84 and a 200-day moving average of $30.60. Weyerhaeuser has a 12-month low of $26.07 and a 12-month high of $35.08.

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

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.20%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.73%.

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.