Weyerhaeuser (NYSE:WY) Price Target Lowered to $31.00 at Citigroup

Weyerhaeuser (NYSE:WY - Get Free Report) had its target price lowered by equities researchers at Citigroup from $35.00 to $31.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. Citigroup's target price points to a potential upside of 17.83% from the company's previous close.

WY has been the topic of a number of other research reports. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial reduced their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Weyerhaeuser Stock Up 1.7%

Shares of NYSE WY traded up $0.45 on Tuesday, reaching $26.31. 3,872,811 shares of the company's stock traded hands, compared to its average volume of 3,797,033. The business's 50 day simple moving average is $26.11 and its two-hundred day simple moving average is $28.56. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a market cap of $19.08 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted 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 company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $0.16 EPS. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser declared that its board has initiated a share repurchase program on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Institutional Trading of Weyerhaeuser

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WY. Waverly Advisors LLC increased 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 worth $305,000 after purchasing an additional 343 shares during the period. Texas Yale Capital Corp. grew its position in shares of 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 worth $279,000 after buying an additional 385 shares in the last quarter. S.A. Mason LLC grew its position in shares of 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 worth $224,000 after buying an additional 408 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 416 shares during the period. Finally, Unison Advisors LLC raised its holdings in shares of Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock valued at $1,938,000 after acquiring an additional 419 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.