Seaport Res Ptn Lifts Earnings Estimates for Weyerhaeuser

Weyerhaeuser (NYSE:WYFree Report) – Analysts at Seaport Res Ptn raised their FY2024 earnings estimates for Weyerhaeuser in a note issued to investors on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now expects that the real estate investment trust will post earnings of $0.51 per share for the year, up from their previous forecast of $0.48. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.49 per share.

Weyerhaeuser (NYSE:WYGet Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%.

A number of other research firms have also commented on WY. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Truist Financial decreased their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Finally, BMO Capital Markets upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

Get Our Latest Stock Report on Weyerhaeuser

Weyerhaeuser Stock Up 1.7 %

WY opened at $31.06 on Wednesday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The stock has a market capitalization of $22.56 billion, a P/E ratio of 41.97 and a beta of 1.42. The business’s 50-day simple moving average is $29.73 and its 200-day simple moving average is $30.90.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.58%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently bought and sold shares of WY. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at $36,000. Bangor Savings Bank lifted its holdings in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 719 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Weyerhaeuser

(Get Free Report)

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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Earnings History and Estimates for Weyerhaeuser (NYSE:WY)

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