Weyerhaeuser (NYSE:WY) Given Average Recommendation of "Moderate Buy" by Brokerages

Weyerhaeuser (NYSE:WY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $33.75.

A number of brokerages recently weighed in on WY. CIBC cut their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial cut their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th.

Institutional Trading of Weyerhaeuser

A number of institutional investors and hedge funds have recently modified their holdings of the company. Waverly Advisors LLC lifted its holdings in Weyerhaeuser by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 343 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 357 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 385 shares during the last quarter. S.A. Mason LLC lifted its holdings in Weyerhaeuser by 5.6% during the 1st quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 408 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 416 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock traded up $0.25 during trading on Wednesday, reaching $26.72. The company had a trading volume of 2,323,410 shares, compared to its average volume of 3,748,584. The firm's 50 day simple moving average is $27.03 and its two-hundred day simple moving average is $29.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The company has a market capitalization of $19.38 billion, a PE ratio of 48.58, a PEG ratio of 4.74 and a beta of 1.15.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business earned $0.16 EPS. The firm's revenue was down 4.9% compared to the same quarter last year. Sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio is presently 168.00%.

Weyerhaeuser announced that its board has initiated a share repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

About Weyerhaeuser

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.