Weyerhaeuser (NYSE:WY) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Weyerhaeuser (NYSE:WY) in a report published on Monday,Benzinga reports. They currently have a $36.00 target price on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, December 6th. CIBC upgraded 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. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Up 0.6 %

Shares of Weyerhaeuser stock opened at $30.34 on Monday. 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 stock’s 50 day simple moving average is $29.66 and its 200-day simple moving average is $30.92. The stock has a market cap of $22.04 billion, a P/E ratio of 55.16 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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%. Analysts predict that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

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 2.64%. Weyerhaeuser’s payout ratio is 145.46%.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Weyerhaeuser in the second quarter valued at approximately $1,153,000. Cubist Systematic Strategies LLC purchased a new stake in Weyerhaeuser in the 2nd quarter valued at approximately $633,000. Czech National Bank increased its position in Weyerhaeuser by 6.7% during the 3rd quarter. Czech National Bank now owns 148,161 shares of the real estate investment trust’s stock worth $5,017,000 after purchasing an additional 9,246 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Weyerhaeuser by 3.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 413,345 shares of the real estate investment trust’s stock worth $13,996,000 after buying an additional 13,666 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Weyerhaeuser by 6.3% in the 3rd quarter. GAMMA Investing LLC now owns 12,267 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 731 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.