Weyerhaeuser (NYSE:WY) PT Lowered to $36.00 at Citigroup

Weyerhaeuser (NYSE:WY) had its price objective trimmed by Citigroup from $37.00 to $36.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on WY. Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an outperform rating in a research report on Monday, July 29th. DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a buy rating for the company in a research report on Monday, July 29th. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a hold rating for the company in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $35.83.

Weyerhaeuser Stock Down 0.6 %

Shares of WY opened at $31.74 on Tuesday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The firm has a market capitalization of $23.09 billion, a P/E ratio of 28.85 and a beta of 1.39. The company has a 50-day simple moving average of $29.35 and a 200-day simple moving average of $31.77.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.32 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser will post 0.67 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

Institutional Trading of Weyerhaeuser

Hedge funds have recently modified their holdings of the stock. TD Asset Management Inc boosted its stake in Weyerhaeuser by 1.4% in the second quarter. TD Asset Management Inc now owns 275,835 shares of the real estate investment trust’s stock valued at $7,831,000 after acquiring an additional 3,758 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Weyerhaeuser by 2.7% during the second quarter. Larson Financial Group LLC now owns 44,179 shares of the real estate investment trust’s stock worth $1,254,000 after buying an additional 1,176 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in shares of Weyerhaeuser by 0.9% in the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 77,891 shares of the real estate investment trust’s stock worth $2,211,000 after purchasing an additional 691 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Weyerhaeuser by 15.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 9,897 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 1,314 shares during the last quarter. Finally, Fortem Financial Group LLC grew its stake in Weyerhaeuser by 2.3% in the second quarter. Fortem Financial Group LLC now owns 30,273 shares of the real estate investment trust’s stock valued at $859,000 after purchasing an additional 686 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

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.