Weyerhaeuser (WY) To Go Ex-Dividend on November 29th

Weyerhaeuser (NYSE:WY) declared a quarterly dividend on Friday, November 8th,RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.20 per share by the real estate investment trust on Friday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, November 29th.

Weyerhaeuser has a dividend payout ratio of 88.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Weyerhaeuser to earn $0.78 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 102.6%.

Weyerhaeuser Trading Down 1.0 %

NYSE:WY opened at $31.91 on Wednesday. The company has a market cap of $23.18 billion, a PE ratio of 43.11 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The firm has a 50-day moving average of $32.24 and a 200-day moving average of $30.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities research analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 79.01 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WY shares. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $36.33.

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.