Weyerhaeuser (NYSE:WY) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a research report released on Saturday.

A number of other research firms also recently weighed in on WY. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Truist Financial decreased their price objective on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Citigroup lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Trading Up 1.4%

NYSE WY opened at $23.97 on Friday. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 1.35 and a beta of 0.89. The stock’s 50 day moving average price is $24.05 and its two-hundred day moving average price is $24.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $0.11 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that Weyerhaeuser will post 0.3 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently modified their holdings of WY. Tema ETFs LLC grew its holdings in Weyerhaeuser by 10.3% during the second quarter. Tema ETFs LLC now owns 13,992 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 1,305 shares during the period. Pine Haven Investment Counsel Inc increased its position in Weyerhaeuser by 11.4% during the second quarter. Pine Haven Investment Counsel Inc now owns 11,547 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 1,180 shares during the last quarter. First Heartland Consultants Inc. raised its stake in Weyerhaeuser by 23.7% in the second quarter. First Heartland Consultants Inc. now owns 45,343 shares of the real estate investment trust’s stock valued at $1,086,000 after buying an additional 8,674 shares during the period. Cultivar Capital Inc. raised its stake in Weyerhaeuser by 2.9% in the second quarter. Cultivar Capital Inc. now owns 615,297 shares of the real estate investment trust’s stock valued at $14,730,000 after buying an additional 17,587 shares during the period. Finally, Czech National Bank lifted its position in shares of Weyerhaeuser by 4.6% in the second quarter. Czech National Bank now owns 205,236 shares of the real estate investment trust’s stock valued at $4,913,000 after buying an additional 9,003 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.