Weyerhaeuser (NYSE:WY) Receives Average Rating of “Moderate Buy” from Analysts

Weyerhaeuser (NYSE:WY) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.33.

A number of research analysts have recently weighed in on WY shares. Truist Financial lifted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently bought and sold shares of the stock. Inspire Trust Co. N.A. lifted its position in shares of Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after buying an additional 75,000 shares in the last quarter. Franklin Resources Inc. increased its stake in Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after acquiring an additional 67,314 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $260,000. Synovus Financial Corp boosted its position in shares of Weyerhaeuser by 23.5% during the 3rd quarter. Synovus Financial Corp now owns 31,149 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 5,921 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of Weyerhaeuser by 9.4% during the 3rd quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust’s stock valued at $8,741,000 after acquiring an additional 22,178 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $30.06 on Friday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 40.62 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $31.72 and a 200 day moving average of $30.86.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, research analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.66%. Weyerhaeuser’s payout ratio is 108.11%.

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.