Weyerhaeuser (NYSE:WY) Upgraded to “Outperform” at Raymond James

Raymond James upgraded shares of Weyerhaeuser (NYSE:WY) from a market perform rating to an outperform rating in a research report report published on Monday morning, Marketbeat reports. They currently have $32.00 target price on the real estate investment trust’s stock.

WY has been the topic of several other reports. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Truist Financial raised their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average price target of $35.71.

Weyerhaeuser Price Performance

WY stock opened at $28.08 on Monday. The stock has a market cap of $20.40 billion, a PE ratio of 37.95 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a 50-day moving average price of $31.26 and a 200 day moving average price of $30.82. 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 issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $25,000. Ridgewood Investments LLC purchased a new position in Weyerhaeuser in the second quarter valued at $26,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser in the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Bangor Savings Bank grew its position in shares of Weyerhaeuser by 140.3% during the 3rd 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 period. 82.99% of the stock is 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.