Analysts Set Weyerhaeuser (NYSE:WY) Target Price at $35.00

Shares of Weyerhaeuser (NYSE:WY) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.00.

Several analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.80 on Friday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm’s fifty day simple moving average is $29.54 and its 200 day simple moving average is $30.80. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $22.34 billion, a PE ratio of 55.99, a PEG ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.73%. Weyerhaeuser’s payout ratio is currently 152.73%.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors have recently modified their holdings of WY. Norges Bank acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $638,470,000. Cohen & Steers Inc. grew its holdings in Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust’s stock valued at $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock valued at $151,437,000 after purchasing an additional 3,220,235 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Weyerhaeuser by 122.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock valued at $137,417,000 after purchasing an additional 2,685,634 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Weyerhaeuser

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.