Nomura Asset Management Co. Ltd. Grows Stock Position in Weyerhaeuser (NYSE:WY)

Nomura Asset Management Co. Ltd. boosted its position in Weyerhaeuser (NYSE:WY) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,631 shares of the real estate investment trust’s stock after buying an additional 631 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $6,267,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted 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 valued at $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc purchased a new stake in Weyerhaeuser in the 4th quarter valued at approximately $36,000. Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $44,000. Graney & King LLC acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $44,000. Finally, AdvisorNet Financial Inc raised its stake 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 worth $47,000 after buying an additional 486 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.3 %

Shares of WY opened at $29.27 on Tuesday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.10. The firm has a market capitalization of $21.25 billion, a P/E ratio of 53.22, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. 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 stock’s fifty day simple moving average is $30.00 and its 200 day simple moving average is $30.69.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 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%. On average, equities research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.87%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s payout ratio is 152.73%.

Analyst Ratings Changes

A number of research firms have commented on WY. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. Raymond James upgraded 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 report on Monday, December 23rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, December 6th. Three equities research 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’s stock. According to MarketBeat.com, the stock presently has an average 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.