Weyerhaeuser (NYSE:WY) Given Average Recommendation of "Moderate Buy" by Analysts

Weyerhaeuser (NYSE:WY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $33.75.

A number of equities research analysts have recently issued reports on WY shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC lowered their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday.

Weyerhaeuser Trading Up 1.1 %

Shares of NYSE:WY traded up $0.28 during trading on Friday, reaching $25.59. 917,309 shares of the stock were exchanged, compared to its average volume of 3,686,673. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 46.51, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03. The firm's 50-day moving average price is $28.43 and its 200 day moving average price is $29.81.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.21 per share. This is a boost 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 yield of 3.28%. Weyerhaeuser's dividend payout ratio is 152.73%.

Institutional Investors Weigh In On Weyerhaeuser

Large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock valued at $59,406,000 after buying an additional 153,919 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Weyerhaeuser by 6.3% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 44,481 shares of the real estate investment trust's stock valued at $1,506,000 after acquiring an additional 2,655 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in shares of Weyerhaeuser during the third quarter valued at approximately $997,000. Wilmington Savings Fund Society FSB bought a new position in Weyerhaeuser during the third quarter valued at approximately $1,070,000. Finally, Tidal Investments LLC boosted its holdings in shares of Weyerhaeuser by 9.4% in the third quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust's stock worth $8,741,000 after buying an additional 22,178 shares during the last quarter. 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.