Weyerhaeuser Company (NYSE:WY) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently weighed in on WY. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser Company in a report on Tuesday, March 14th. Zacks Investment Research raised shares of Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Monday, April 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser Company in a report on Wednesday, April 12th. Citigroup Inc. reaffirmed a “buy” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Weyerhaeuser Company in a report on Saturday, April 22nd. Finally, ValuEngine raised shares of Weyerhaeuser Company from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser Company currently has a consensus rating of “Buy” and a consensus price target of $36.56.

Shares of Weyerhaeuser Company (NYSE WY) traded down 0.16% during midday trading on Friday, reaching $32.01. 3,123,746 shares of the company’s stock were exchanged. The firm has a market cap of $24.07 billion, a PE ratio of 21.94 and a beta of 1.41. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The stock’s 50-day moving average is $33.31 and its 200 day moving average is $32.87.

Weyerhaeuser Company (NYSE:WY) last released its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. Weyerhaeuser Company had a net margin of 16.58% and a return on equity of 6.22%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. Analysts anticipate that Weyerhaeuser Company will post $1.00 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.87%. Weyerhaeuser Company’s dividend payout ratio is currently 85.52%.

COPYRIGHT VIOLATION WARNING: “Weyerhaeuser Company (WY) Cut to “Hold” at BidaskClub” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/08/weyerhaeuser-company-wy-cut-to-hold-at-bidaskclub.html.

In related news, Director Rick R. Holley sold 6,687 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total transaction of $234,045.00. Following the transaction, the director now directly owns 557,707 shares in the company, valued at $19,519,745. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rick R. Holley sold 33,416 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the transaction, the director now owns 571,036 shares in the company, valued at $20,106,177.56. The disclosure for this sale can be found here. Insiders have sold 220,659 shares of company stock valued at $7,742,721 in the last three months. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. First Personal Financial Services raised its position in Weyerhaeuser Company by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC raised its position in Weyerhaeuser Company by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC raised its position in Weyerhaeuser Company by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,182 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Weyerhaeuser Company by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,772 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Weyerhaeuser Company by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 77.37% of the company’s stock.

Weyerhaeuser Company Company Profile

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

Analyst Recommendations for Weyerhaeuser Company (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser Company and related companies with MarketBeat.com's FREE daily email newsletter.