OMERS ADMINISTRATION Corp Has $860,000 Stock Position in Weyerhaeuser (NYSE:WY)

OMERS ADMINISTRATION Corp grew its stake in shares of Weyerhaeuser (NYSE:WY) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,556 shares of the real estate investment trust’s stock after purchasing an additional 5,150 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Weyerhaeuser were worth $860,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in shares of Weyerhaeuser by 2.5% during the 4th quarter. Millennium Management LLC now owns 102,544 shares of the real estate investment trust’s stock worth $2,887,000 after acquiring an additional 2,532 shares during the last quarter. J. Goldman & Co LP acquired a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $15,410,000. Gotham Asset Management LLC increased its holdings in shares of Weyerhaeuser by 301.0% during the 4th quarter. Gotham Asset Management LLC now owns 192,486 shares of the real estate investment trust’s stock worth $5,418,000 after acquiring an additional 144,479 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Weyerhaeuser by 11.9% during the 4th quarter. Focus Partners Wealth now owns 37,174 shares of the real estate investment trust’s stock worth $1,078,000 after acquiring an additional 3,965 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Weyerhaeuser by 101.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 141,681 shares of the real estate investment trust’s stock worth $3,988,000 after acquiring an additional 71,447 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price on the stock. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC decreased their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.75.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $26.72 on Friday. The stock’s fifty day moving average price is $27.03 and its two-hundred day moving average price is $29.03. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. On average, equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.14%. Weyerhaeuser’s payout ratio is 168.00%.

Weyerhaeuser announced that its board has authorized a share repurchase plan on Thursday, May 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.