Brokerages Set Weyerhaeuser (NYSE:WY) Target Price at $35.00

Shares of Weyerhaeuser (NYSE:WY) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.00.

Several analysts have weighed in on WY shares. Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors have recently modified their holdings of the business. Fiduciary Trust Co grew its stake in shares of 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. Waverly Advisors LLC boosted its holdings in Weyerhaeuser by 3.3% during the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 343 shares during the last quarter. HB Wealth Management LLC grew its position in shares of 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 buying an additional 357 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Weyerhaeuser by 2.5% in the 3rd 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 last quarter. Finally, Texas Yale Capital Corp. raised its position in shares of Weyerhaeuser by 4.0% in the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY stock opened at $29.60 on Tuesday. The stock’s fifty day simple moving average is $30.04 and its 200 day simple moving average is $30.72. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 4.74 and a beta of 1.43. 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) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.21 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.84%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

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.