Weyerhaeuser (NYSE:WY) Given Average Rating of “Moderate Buy” by Brokerages

Weyerhaeuser (NYSE:WY) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $34.50.

WY has been the topic of a number of research analyst reports. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Truist Financial cut their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective for the company. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WY. Prosperity Wealth Management Inc. purchased a new stake in shares of Weyerhaeuser during the first quarter worth approximately $332,000. Cultivar Capital Inc. raised its position in Weyerhaeuser by 1.7% during the 1st quarter. Cultivar Capital Inc. now owns 334,388 shares of the real estate investment trust’s stock worth $9,791,000 after buying an additional 5,677 shares during the last quarter. QRG Capital Management Inc. raised its position in Weyerhaeuser by 23.1% during the 1st quarter. QRG Capital Management Inc. now owns 370,230 shares of the real estate investment trust’s stock worth $10,840,000 after buying an additional 69,379 shares during the last quarter. Sowell Financial Services LLC lifted its stake in shares of Weyerhaeuser by 3.2% in the 1st quarter. Sowell Financial Services LLC now owns 75,592 shares of the real estate investment trust’s stock worth $2,213,000 after acquiring an additional 2,347 shares during the period. Finally, Brown Miller Wealth Management LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $263,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE:WY opened at $25.78 on Friday. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm has a market capitalization of $18.72 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The business’s fifty day moving average price is $28.70 and its 200 day moving average price is $29.98.

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, 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%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.26%. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

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.