Weyerhaeuser’s (WY) “Market Perform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their market perform rating on shares of Weyerhaeuser (NYSE:WY) in a report issued on Tuesday, Benzinga reports. The firm currently has a $38.00 price objective on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the stock. DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a buy rating for the company in a research report on Monday. Citigroup cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a buy rating for the company in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an outperform rating in a research note on Monday. Finally, Truist Financial dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set a hold rating on the stock in a research note on Monday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $35.83.

Weyerhaeuser Stock Up 0.5 %

WY stock opened at $31.92 on Tuesday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The company has a market cap of $23.22 billion, a price-to-earnings ratio of 29.02 and a beta of 1.39. The company has a 50 day moving average of $29.32 and a two-hundred day moving average of $31.78.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Weyerhaeuser will post 0.67 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. Weyerhaeuser’s payout ratio is presently 72.73%.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Versor Investments LP acquired a new stake in Weyerhaeuser in the 2nd quarter worth $613,000. Montag A & Associates Inc. grew its position in Weyerhaeuser by 0.9% in the 2nd quarter. Montag A & Associates Inc. now owns 71,702 shares of the real estate investment trust’s stock worth $2,036,000 after purchasing an additional 643 shares during the last quarter. Catalytic Wealth RIA LLC acquired a new stake in Weyerhaeuser in the 2nd quarter worth $204,000. Rothschild Investment LLC acquired a new stake in Weyerhaeuser in the 2nd quarter worth $54,000. Finally, Pine Valley Investments Ltd Liability Co grew its position in Weyerhaeuser by 8.8% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 41,826 shares of the real estate investment trust’s stock worth $1,187,000 after purchasing an additional 3,384 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.