Weyerhaeuser (NYSE:WY) Reaches New 52-Week Low After Analyst Downgrade

Weyerhaeuser Company (NYSE:WY) hit a new 52-week low during trading on Monday after Citigroup lowered their price target on the stock from $29.00 to $21.00. Citigroup currently has a buy rating on the stock. Weyerhaeuser traded as low as $18.31 and last traded at $18.3380, with a volume of 378759 shares. The stock had previously closed at $18.47.

WY has been the topic of several other research reports. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Friday, July 10th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $30.00 price objective on shares of Weyerhaeuser in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. CHICAGO TRUST Co NA lifted its stake in Weyerhaeuser by 6.8% in the first quarter. CHICAGO TRUST Co NA now owns 9,069 shares of the real estate investment trust’s stock worth $222,000 after acquiring an additional 575 shares during the last quarter. Unison Advisors LLC increased its position in shares of Weyerhaeuser by 0.8% in the 1st quarter. Unison Advisors LLC now owns 71,662 shares of the real estate investment trust’s stock valued at $1,751,000 after purchasing an additional 578 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 617 shares during the last quarter. First Pacific Financial raised its holdings in shares of Weyerhaeuser by 3.4% in the 1st quarter. First Pacific Financial now owns 19,225 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 633 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Weyerhaeuser by 3.7% in the 1st quarter. Arkadios Wealth Advisors now owns 18,104 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 646 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.7%

The firm has a market capitalization of $13.42 billion, a PE ratio of 28.64, a PEG ratio of 1.90 and a beta of 0.92. The company’s 50-day moving average price is $22.82 and its 200-day moving average price is $23.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.Weyerhaeuser’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.31 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.5%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.