Weyerhaeuser (NYSE:WY) Stock Gets Price Target Trim from Royal Bank Of Canada

Weyerhaeuser (NYSE:WY) had its price target lowered by Royal Bank Of Canada from $30.00 to $25.00 in a research note released on Friday morning, MarketBeat reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Truist Financial lowered their price objective on shares of Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Seaport Research Partners set a $30.00 price objective on shares of Weyerhaeuser in a research note on Thursday, October 8th. Finally, DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $19.64 on Friday. Weyerhaeuser has a fifty-two week low of $18.25 and a fifty-two week high of $27.75. The firm’s 50-day simple moving average is $21.86 and its 200 day simple moving average is $23.40. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The stock has a market cap of $14.16 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.41 and a beta of 0.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company’s quarterly revenue 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. Equities analysts expect that Weyerhaeuser will post 0.27 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s payout ratio is presently 129.23%.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in Weyerhaeuser in the second quarter valued at approximately $468,969,000. Wellington Management Group LLP grew its position in Weyerhaeuser by 14.3% in the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock worth $1,043,164,000 after acquiring an additional 5,437,685 shares in the last quarter. First Eagle Investment Management LLC grew its position in Weyerhaeuser by 10.6% in the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock worth $1,225,232,000 after acquiring an additional 4,885,818 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Weyerhaeuser during the 1st quarter worth $101,969,000. Finally, Kopernik Global Investors LLC acquired a new position in shares of Weyerhaeuser during the 1st quarter worth $46,529,000. 82.99% of the stock is currently owned by institutional investors.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.