Weyerhaeuser (NYSE:WY) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of Weyerhaeuser (NYSE:WY) from a market perform rating to an outperform rating in a research report released on Monday morning, MarketBeat reports. Raymond James currently has $32.00 price objective on the real estate investment trust’s stock.

WY has been the topic of several other reports. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Truist Financial upped their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.71.

Weyerhaeuser Stock Up 2.1 %

WY opened at $28.08 on Monday. The company has a market cap of $20.40 billion, a PE ratio of 37.95 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a 50-day moving average price of $31.26 and a 200 day moving average price of $30.82. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released 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. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $0.33 earnings per share. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Institutional Trading of Weyerhaeuser

A number of large investors have recently modified their holdings of WY. Bailard Inc. increased its position in shares of Weyerhaeuser by 12.1% in the 2nd quarter. Bailard Inc. now owns 7,485 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 810 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in Weyerhaeuser by 9.6% in the second quarter. Arkadios Wealth Advisors now owns 34,460 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 3,018 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser in the second quarter valued at $26,000. Ameritas Advisory Services LLC lifted its holdings in Weyerhaeuser by 14.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 10,173 shares of the real estate investment trust’s stock worth $289,000 after buying an additional 1,249 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Weyerhaeuser by 1.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 138,168 shares of the real estate investment trust’s stock worth $3,923,000 after acquiring an additional 2,437 shares in the last quarter. Hedge funds and other institutional investors 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.