Weyerhaeuser (NYSE:WY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Weyerhaeuser (NYSE:WY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $33.25.

A number of research firms recently commented on WY. CIBC reduced their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Citigroup lowered their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. Truist Financial lowered their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock.

Weyerhaeuser Trading Up 0.1%

Weyerhaeuser stock opened at $26.74 on Friday. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The firm has a market capitalization of $19.39 billion, a PE ratio of 48.62, a PEG ratio of 4.74 and a beta of 1.16. The business's 50-day simple moving average is $25.95 and its 200-day simple moving average is $28.48.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate 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 in the previous year, the business earned $0.16 EPS. Weyerhaeuser's revenue was down 4.9% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

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

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid 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 payout ratio is 168.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Weyerhaeuser by 25.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,933 shares of the real estate investment trust's stock worth $2,013,000 after purchasing an additional 14,549 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $365,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Weyerhaeuser by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 102,014 shares of the real estate investment trust's stock worth $2,872,000 after acquiring an additional 1,236 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of Weyerhaeuser by 9.1% in the 4th quarter. Cidel Asset Management Inc. now owns 7,647 shares of the real estate investment trust's stock worth $215,000 after acquiring an additional 637 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its stake in Weyerhaeuser by 13.3% in the 4th quarter. Apollon Wealth Management LLC now owns 15,357 shares of the real estate investment trust's stock worth $432,000 after buying an additional 1,799 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.

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