Weyerhaeuser (NYSE:WY) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Weyerhaeuser (NYSE:WY) in a report issued on Monday morning,Benzinga reports. The brokerage currently has a $36.00 target price on the real estate investment trust’s stock.

WY has been the subject of a number of other research reports. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research report on Wednesday, January 15th. Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned 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.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Trading Up 0.5 %

Shares of NYSE:WY opened at $30.79 on Monday. The company has a market cap of $22.37 billion, a P/E ratio of 55.97 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 has a 1 year low of $26.73 and a 1 year high of $36.27. The stock’s fifty day moving average price is $29.72 and its 200-day moving average price is $30.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Sell-side analysts expect 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. Shareholders of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.60%. Weyerhaeuser’s payout ratio is currently 145.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Winebrenner Capital Management LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth $563,000. Truist Financial Corp lifted its holdings in shares of Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock valued at $1,433,000 after buying an additional 1,373 shares during the period. CIBC Asset Management Inc increased its stake in shares of Weyerhaeuser by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 111,135 shares of the real estate investment trust’s stock valued at $3,128,000 after purchasing an additional 4,733 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Weyerhaeuser by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,603,437 shares of the real estate investment trust’s stock valued at $101,439,000 after purchasing an additional 299,020 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Weyerhaeuser by 6.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 19,997 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 1,216 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.