Brokerages Set Weyerhaeuser (NYSE:WY) Price Target at $33.25

Shares of Weyerhaeuser (NYSE:WY) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $33.25.

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price target on the stock. CIBC cut their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Weyerhaeuser by 25.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,933 shares of the real estate investment trust’s stock worth $2,013,000 after buying an additional 14,549 shares during the period. Strategic Financial Concepts LLC bought a new position in Weyerhaeuser during the fourth quarter worth about $365,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Weyerhaeuser by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 102,014 shares of the real estate investment trust’s stock worth $2,872,000 after purchasing an additional 1,236 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in Weyerhaeuser by 9.1% in the 4th quarter. Cidel Asset Management Inc. now owns 7,647 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 637 shares during the period. Finally, Apollon Wealth Management LLC grew its position in shares of Weyerhaeuser by 13.3% during the 4th quarter. Apollon Wealth Management LLC now owns 15,357 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 1,799 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.1%

Weyerhaeuser stock opened at $27.59 on Friday. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 4.74 and a beta of 1.16. The firm has a 50-day moving average of $25.90 and a 200-day moving average of $28.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. On average, equities analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser’s dividend payout ratio is presently 168.00%.

Weyerhaeuser declared that its board has approved a stock repurchase plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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.