BMO Capital Markets set a $32.00 target price on Weyerhaeuser (NYSE:WY) in a research report report published on Tuesday, September 17th, TipRanks reports. The firm currently has a buy rating on the real estate investment trust’s stock.
Separately, ValuEngine lowered shares of Weyerhaeuser from a buy rating to a hold rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Weyerhaeuser has a consensus rating of Buy and an average target price of $32.67.
Shares of NYSE WY opened at $27.79 on Tuesday. The firm’s 50 day moving average price is $26.31 and its 200-day moving average price is $25.73. The company has a market cap of $20.74 billion, a PE ratio of 23.55, a P/E/G ratio of 9.73 and a beta of 1.67. Weyerhaeuser has a 52-week low of $20.52 and a 52-week high of $32.89. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 1.39.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was down 20.4% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser will post 0.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.36 annualized dividend and a yield of 4.89%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 115.25%.
A number of hedge funds have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group lifted its position in Weyerhaeuser by 48.3% during the second quarter. Rehmann Capital Advisory Group now owns 2,398 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 781 shares during the last quarter. Keudell Morrison Wealth Management lifted its holdings in shares of Weyerhaeuser by 10.2% during the second quarter. Keudell Morrison Wealth Management now owns 33,152 shares of the real estate investment trust’s stock worth $818,000 after purchasing an additional 3,059 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Weyerhaeuser by 6.1% during the second quarter. Cresset Asset Management LLC now owns 78,351 shares of the real estate investment trust’s stock worth $2,064,000 after purchasing an additional 4,479 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Weyerhaeuser by 8,817.3% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 44,319 shares of the real estate investment trust’s stock worth $1,167,000 after purchasing an additional 43,822 shares during the period. Finally, D L Carlson Investment Group Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter worth $211,000. Institutional investors and hedge funds own 76.97% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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