Weyerhaeuser Company (NYSE:WY) had its price target upped by Argus from $37.00 to $39.00 in a research note released on Thursday, November 2nd. The firm currently has a buy rating on the real estate investment trust’s stock.
Other equities analysts have also recently issued reports about the company. Bank of America Corporation cut Weyerhaeuser from a buy rating to a neutral rating and decreased their price target for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. Zacks Investment Research raised Weyerhaeuser from a hold rating to a buy rating and set a $38.00 price target on the stock in a research note on Friday, July 7th. BidaskClub lowered Weyerhaeuser from a buy rating to a hold rating in a research report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a conviction-buy rating to a buy rating and set a $38.00 price objective on the stock. in a research report on Monday, July 31st. Finally, BMO Capital Markets lowered Weyerhaeuser from an outperform rating to a market perform rating and lifted their price objective for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $37.20.
Weyerhaeuser (NYSE WY) opened at $36.20 on Thursday. Weyerhaeuser has a 12 month low of $29.81 and a 12 month high of $36.48. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $27,143.66, a PE ratio of 36.69, a price-to-earnings-growth ratio of 6.14 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. equities analysts expect that Weyerhaeuser will post 1.17 earnings per share for the current year.
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The company 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, November 30th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio is 108.77%.
In related news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barnett & Company Inc. bought a new position in shares of Weyerhaeuser in the second quarter worth about $101,000. Dupont Capital Management Corp bought a new position in shares of Weyerhaeuser in the second quarter worth about $109,000. Alexandria Capital LLC boosted its stake in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 12 shares during the period. Gemmer Asset Management LLC boosted its stake in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 20 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Weyerhaeuser by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,400 shares during the period. 75.80% of the stock is owned by hedge funds and other institutional investors.
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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