Caisse Des Depots ET Consignations Makes New $5.18 Million Investment in Weyerhaeuser (NYSE:WY)

Caisse Des Depots ET Consignations bought a new position in Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 183,971 shares of the real estate investment trust's stock, valued at approximately $5,179,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Assetmark Inc. grew its stake in shares of Weyerhaeuser by 290.9% during the 4th 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 stake in Weyerhaeuser during the fourth quarter worth $36,000. Lee Danner & Bass Inc. acquired a new stake in Weyerhaeuser during the fourth quarter valued at $44,000. Graney & King LLC purchased a new position in Weyerhaeuser in the fourth quarter valued at $44,000. Finally, AdvisorNet Financial Inc raised its position in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 486 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

WY stock traded down $0.21 during midday trading on Friday, reaching $29.38. The stock had a trading volume of 2,568,832 shares, compared to its average volume of 3,615,623. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.10. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company's fifty day simple moving average is $30.02 and its 200 day simple moving average is $30.71. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 53.41, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

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Weyerhaeuser (NYSE:WY - Get Free Report) last issued its 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%. As a group, sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WY. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. 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 report on Monday, December 23rd. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Finally, Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average price target 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.