Weyerhaeuser (NYSE:WY) Upgraded to Outperformer at CIBC

CIBC upgraded shares of Weyerhaeuser (NYSE:WY) from a neutral rating to an outperformer rating in a research report released on Wednesday morning, MarketBeat reports. CIBC currently has $35.00 price target on the real estate investment trust’s stock.

Several other brokerages have also issued reports on WY. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, December 6th. Raymond James upgraded 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 reduced their price target on 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 raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.14.

Weyerhaeuser Stock Up 0.7 %

NYSE WY opened at $30.24 on Wednesday. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42. The stock’s 50 day moving average is $29.82 and its two-hundred day moving average is $30.73. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the firm posted $0.33 EPS. The business’s revenue was down 13.3% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Institutional Investors Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after buying an additional 4,035,048 shares in the last quarter. State Street Corp raised its position in shares of Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after acquiring an additional 761,757 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after purchasing an additional 217,510 shares during the last quarter. Legal & General Group Plc grew its holdings in Weyerhaeuser by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after acquiring an additional 503,059 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after buying an additional 454,095 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.