Weyerhaeuser (NYSE:WY) Reaches New 12-Month Low - Time to Sell?

Weyerhaeuser (NYSE:WY - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $26.37 and last traded at $26.75, with a volume of 1668933 shares changing hands. The stock had previously closed at $27.43.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.50.

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Weyerhaeuser Price Performance

The firm has a market capitalization of $19.31 billion, a PE ratio of 48.36, a P/E/G ratio of 4.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The business's 50 day moving average is $29.50 and its two-hundred day moving average is $30.40.

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

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.16%. Weyerhaeuser's dividend payout ratio is 152.73%.

Institutional Trading of Weyerhaeuser

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Waverly Advisors LLC grew its holdings in shares of Weyerhaeuser by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 343 shares during the last quarter. HB Wealth Management LLC lifted its position in Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares during the last quarter. Texas Yale Capital Corp. increased its stake in shares of Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after buying an additional 385 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in Weyerhaeuser by 13.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

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.