Weyerhaeuser FY2024 EPS Estimate Lifted by Seaport Res Ptn

Weyerhaeuser (NYSE:WY) – Stock analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for shares of Weyerhaeuser in a research note issued to investors on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will post earnings of $0.51 per share for the year, up from their previous estimate of $0.48. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.49 per share.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Raymond James raised 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. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Citigroup reduced their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.14.

Weyerhaeuser Stock Down 0.7 %

WY stock opened at $30.57 on Wednesday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The company has a fifty day moving average of $29.73 and a 200-day moving average of $30.90. The stock has a market capitalization of $22.21 billion, a PE ratio of 41.31 and a beta of 1.42.

Institutional Trading of Weyerhaeuser

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the period. Bangor Savings Bank lifted its position in Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 651 shares during the period. Meeder Asset Management Inc. boosted its stake in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

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.