Weyerhaeuser (NYSE:WY) Given New $33.00 Price Target at Truist Financial

Weyerhaeuser (NYSE:WY) had its price objective cut by Truist Financial from $34.00 to $33.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.57.

Weyerhaeuser Stock Up 0.5 %

Shares of NYSE:WY opened at $28.49 on Monday. 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 business’s 50 day simple moving average is $30.33 and its two-hundred day simple moving average is $30.75. The firm has a market cap of $20.70 billion, a P/E ratio of 38.50 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion for 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 last year, the business earned $0.33 EPS. As a group, research analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors have recently bought and sold shares of the company. Inspire Trust Co. N.A. increased its stake in shares of Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after purchasing an additional 75,000 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after buying an additional 67,314 shares during the period. Duff & Phelps Investment Management Co. grew its stake in Weyerhaeuser by 9.1% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock valued at $10,383,000 after buying an additional 25,554 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Weyerhaeuser by 17.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock valued at $2,875,000 after acquiring an additional 14,911 shares during the period. Finally, Quest Partners LLC lifted its position in shares of Weyerhaeuser by 146.4% during the third quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock worth $3,272,000 after acquiring an additional 57,412 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.