Weyerhaeuser (NYSE:WY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Weyerhaeuser (NYSE:WY) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.00.

A number of research analysts have commented on the company. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Raymond James raised shares of 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. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th.

Weyerhaeuser Stock Down 0.3 %

Shares of NYSE WY opened at $29.27 on Tuesday. The firm’s fifty day moving average is $30.00 and its 200 day moving average is $30.69. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.10. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a market cap of $21.25 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts expect 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. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Institutional Investors Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently bought and sold shares of WY. South Plains Financial Inc. bought a new position in shares of Weyerhaeuser during the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC bought a new stake in Weyerhaeuser during the 4th quarter valued at about $27,000. Assetmark Inc. raised its holdings in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc bought a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $36,000. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.