Weyerhaeuser (NYSE:WY) Given New $32.00 Price Target at CIBC

Weyerhaeuser (NYSE:WY - Free Report) had its target price cut by CIBC from $35.00 to $32.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an outperformer rating on the real estate investment trust's stock.

A number of other brokerages have also issued reports on WY. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $33.75.

Weyerhaeuser Stock Down 2.6 %

Shares of NYSE:WY traded down $0.67 during trading on Tuesday, hitting $24.83. 4,584,315 shares of the company's stock traded hands, compared to its average volume of 3,710,458. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $28.25 and a 200-day moving average price of $29.68. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 45.15, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.38%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Hedge Funds Weigh In On Weyerhaeuser

A number of institutional investors have recently bought and sold shares of WY. South Plains Financial Inc. bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser during the 4th quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC bought a new position in Weyerhaeuser during the first quarter worth $31,000. Assetmark Inc. increased its holdings in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 922 shares during the last quarter. Finally, Asset Planning Inc bought a new position in shares of Weyerhaeuser in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 82.99% of the company's stock.

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.