Weyerhaeuser's (WY) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Weyerhaeuser (NYSE:WY - Free Report) in a research report report published on Monday morning,Benzinga reports. They currently have a $36.00 price target on the real estate investment trust's stock.

Several other research firms have also commented on WY. Raymond James raised shares of 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 lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Wednesday, January 29th. Finally, BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Stock Up 0.3 %

NYSE:WY traded up $0.09 during mid-day trading on Monday, reaching $30.43. The stock had a trading volume of 2,109,345 shares, compared to its average volume of 3,668,722. The stock's 50 day simple moving average is $29.62 and its two-hundred day simple moving average is $30.92. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 55.33 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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 EPS for the current year.

Weyerhaeuser Announces Dividend

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

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors have recently added to or reduced their stakes in the company. Fiduciary Trust Co boosted its position in Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after purchasing an additional 331 shares during the period. Wedmont Private Capital raised its holdings in Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 350 shares during the period. HB Wealth Management LLC lifted its position in Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after acquiring an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after acquiring an additional 367 shares during the period. Finally, CWM LLC grew its position in shares of Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock valued at $582,000 after purchasing an additional 368 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.