Weyerhaeuser Company (NYSE:WY) had its target price hoisted by Argus from $37.00 to $39.00 in a research note published on Thursday, November 2nd. They currently have a buy rating on the real estate investment trust’s stock.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Weyerhaeuser from a buy rating to a hold rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Weyerhaeuser from a buy rating to a hold rating in a research note on Saturday, July 8th. JMP Securities downgraded shares of Weyerhaeuser from an outperform rating to a market perform rating and set a $36.00 price target on the stock. in a research note on Monday, August 14th. Royal Bank Of Canada reaffirmed a buy rating and set a $40.00 price target on shares of Weyerhaeuser in a research note on Monday, September 4th. Finally, Bank of America Corporation downgraded shares of Weyerhaeuser from a buy rating to a neutral rating and reduced their target price for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $37.20.
Shares of Weyerhaeuser (WY) remained flat at $$36.11 during midday trading on Thursday. 2,825,149 shares of the company were exchanged, compared to its average volume of 3,358,212. The company has a market capitalization of $27,260.00, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 6.19 and a beta of 1.46. Weyerhaeuser has a twelve month low of $29.81 and a twelve month high of $36.92. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. analysts forecast that Weyerhaeuser will post 1.17 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 253.06%.
In other news, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Alexandria Capital LLC grew its stake in shares of Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 12 shares during the period. Kistler Tiffany Companies LLC grew its stake in Weyerhaeuser by 0.4% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 19 shares during the period. Gemmer Asset Management LLC grew its stake in Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 20 shares during the period. Cambridge Advisors Inc. grew its stake in Weyerhaeuser by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 8,864 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 30 shares during the period. Finally, New England Private Wealth Advisors LLC grew its stake in Weyerhaeuser by 0.4% in the 1st quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 42 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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