Weyerhaeuser (NYSE:WY) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser (NYSE:WY - Free Report) in a report released on Tuesday, MarketBeat reports. The firm issued an overweight rating and a $31.00 price objective on the real estate investment trust's stock.

Other research analysts have also issued research reports about the company. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a report on Monday, December 23rd. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.50.

Remove Ads

Weyerhaeuser Stock Down 0.2 %

Shares of NYSE:WY traded down $0.06 during midday trading on Tuesday, reaching $25.76. The company's stock had a trading volume of 3,635,721 shares, compared to its average volume of 3,698,770. 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 firm has a 50 day moving average of $29.14 and a 200-day moving average of $30.22. The firm has a market capitalization of $18.69 billion, a P/E ratio of 46.83, a PEG ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping 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, research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced 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 positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.26%. Weyerhaeuser's dividend payout ratio is currently 152.73%.

Institutional Trading of Weyerhaeuser

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

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.