ExodusPoint Capital Management LP Acquires New Shares in Weyerhaeuser (NYSE:WY)

ExodusPoint Capital Management LP bought a new position in Weyerhaeuser (NYSE:WY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 376,662 shares of the real estate investment trust’s stock, valued at approximately $10,603,000.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 922 shares during the period. Asset Planning Inc purchased a new position in Weyerhaeuser during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. bought a new position in Weyerhaeuser in the 4th quarter worth about $44,000. Graney & King LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $26.22 on Friday. The firm has a fifty day simple moving average of $29.84 and a two-hundred day simple moving average of $30.60. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $26.07 and a twelve month high of $35.08. The company has a market capitalization of $19.03 billion, a PE ratio of 47.67, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last released 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 return on equity of 3.86% and a net margin of 5.56%. Research analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. This is a boost 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 currently 152.73%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Raymond James raised shares of 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. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 15th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $35.00.

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.