Weyerhaeuser (NYSE:WY) Rating Lowered to Sell at StockNews.com

Weyerhaeuser (NYSE:WY - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Wednesday.

Several other analysts also recently commented on the stock. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. BMO Capital Markets raised 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. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Finally, Truist Financial decreased their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.14.

Weyerhaeuser Trading Down 1.0 %

Shares of WY stock traded down $0.32 on Wednesday, reaching $30.64. The company had a trading volume of 5,592,916 shares, compared to its average volume of 3,149,684. The stock has a market cap of $22.27 billion, a PE ratio of 41.41 and a beta of 1.42. The company has a 50-day moving average of $29.72 and a 200-day moving average of $30.91. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. On average, equities analysts forecast that Weyerhaeuser will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fiduciary Trust Co increased its position in Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after buying an additional 331 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 350 shares during the period. HB Wealth Management LLC increased its holdings in shares of Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after acquiring an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after acquiring an additional 367 shares during the period. Finally, CWM LLC lifted its holdings in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock valued at $582,000 after purchasing an additional 368 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

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.