Weyerhaeuser Company (NYSE:WY) had its price objective upped by Argus from $37.00 to $39.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Argus’ price objective suggests a potential upside of 8.60% from the stock’s current price.

Several other research firms have also recently weighed in on WY. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and increased their price target for the company from $28.58 to $36.00 in a report on Monday, August 14th. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Monday, July 31st. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, July 7th. Finally, JMP Securities cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.20.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS.

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In other news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Weyerhaeuser by 8.6% in the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after buying an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. increased its stake in Weyerhaeuser by 153.0% in the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after buying an additional 92,021 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Weyerhaeuser by 7.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after buying an additional 27,029 shares in the last quarter. Van Cleef Asset Management Inc increased its stake in Weyerhaeuser by 1.1% in the 2nd quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after buying an additional 2,358 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in Weyerhaeuser by 6.9% in the 2nd quarter. BB&T Securities LLC now owns 251,271 shares of the real estate investment trust’s stock worth $8,418,000 after buying an additional 16,114 shares in the last quarter. Hedge funds and other institutional investors own 75.26% of the company’s stock.

About Weyerhaeuser

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 (NYSE:WY)

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