Weyerhaeuser (NYSE:WY) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Weyerhaeuser (NYSE:WY) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat.com reports. They currently have $38.00 price target on the real estate investment trust’s stock.

WY has been the subject of several other reports. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial raised their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $31.29 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a fifty day moving average of $31.98 and a 200-day moving average of $30.84. The stock has a market capitalization of $22.73 billion, a price-to-earnings ratio of 42.28 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. Equities research analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. Weyerhaeuser’s payout ratio is currently 108.11%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Weyerhaeuser

Hedge funds have recently modified their holdings of the business. Inspire Trust Co. N.A. boosted its holdings in shares of Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after purchasing an additional 75,000 shares during the last quarter. Franklin Resources Inc. increased its stake in Weyerhaeuser by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after buying an additional 67,314 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in Weyerhaeuser in the third quarter worth approximately $260,000. Synovus Financial Corp grew its stake in shares of Weyerhaeuser by 23.5% in the 3rd quarter. Synovus Financial Corp now owns 31,149 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 5,921 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Weyerhaeuser by 9.4% during the 3rd quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust’s stock valued at $8,741,000 after acquiring an additional 22,178 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

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.