Seaport Res Ptn Forecasts Stronger Earnings for Weyerhaeuser

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

Several other research analysts have also commented on WY. 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 research report on Monday, December 23rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, December 6th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Truist Financial decreased their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Stock Down 0.7 %

Shares of Weyerhaeuser stock opened at $30.57 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 41.31 and a beta of 1.42. The firm’s 50-day moving average is $29.73 and its two-hundred day moving average is $30.90. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser Announces Dividend

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

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WY. Fiduciary Trust Co raised its stake in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after acquiring an additional 331 shares in the last quarter. Wedmont Private Capital boosted its stake in Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 350 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 367 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.