Brokerages Set Weyerhaeuser (NYSE:WY) Price Target at $35.57

Weyerhaeuser (NYSE:WY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $35.57.

Several brokerages have recently issued reports on WY. Raymond James raised 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. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Monday, December 16th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new stake in Weyerhaeuser during the third quarter valued at about $25,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 928 shares during the period. Bangor Savings Bank lifted its holdings in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 719 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 1.2 %

Shares of NYSE:WY traded down $0.33 during trading on Thursday, reaching $27.68. 3,939,108 shares of the company traded hands, compared to its average volume of 3,238,602. 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 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market capitalization of $20.11 billion, a price-to-earnings ratio of 37.41 and a beta of 1.42. The business's fifty day moving average is $30.12 and its 200-day moving average is $30.70.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Weyerhaeuser's revenue for the quarter was down 13.3% on a year-over-year basis. As a group, analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Friday, November 29th. Weyerhaeuser's payout ratio is 108.11%.

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.