Analysts Set Weyerhaeuser (NYSE:WY) Price Target at $35.14

Weyerhaeuser (NYSE:WY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.00.

A number of research analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research 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 target for the company in a research note on Friday, December 6th. Truist Financial dropped their price objective 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. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th.

Weyerhaeuser Trading Up 0.3 %

WY traded up $0.09 during trading on Monday, reaching $30.43. 2,109,434 shares of the stock traded hands, compared to its average volume of 3,705,544. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a market capitalization of $22.11 billion, a PE ratio of 55.33 and a beta of 1.42. The stock's 50-day moving average is $29.62 and its 200 day moving average is $30.92. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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 the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities analysts anticipate that Weyerhaeuser will post 0.84 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.63%. Weyerhaeuser's dividend payout ratio is presently 145.46%.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new position in Weyerhaeuser in the third quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% in 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 buying an additional 928 shares in the last quarter. Assetmark Inc. increased its holdings in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc bought a new position in Weyerhaeuser during the fourth quarter valued at approximately $36,000. Finally, Bangor Savings Bank lifted its stake in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 651 shares during the last quarter. 82.99% of the stock is currently 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.