Weyerhaeuser (NYSE:WY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday. They presently have a $40.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price suggests a potential upside of 13.41% from the company’s current price.

According to Zacks, “We believe that Weyerhaeuser is poised to benefit from the recovery of the housing market in the United States, its inorganic policies and cost-control measures in the years ahead. In November, the company hiked its quarterly dividend rate by 3.2%. Such disbursements reflect the company's strong cash position and its commitment toward rewarding its shareholders handsomely. For the fourth quarter (results not yet released), the company anticipates sequentially higher earnings for the Timberland and Real Estate, Energy & Natural Resources segments. Savings from operational initiatives will be within $95-$125 million in 2017. On the flip side, headwinds like high debt levels, unfavorable foreign currency movements and industry competition might restrict the company's growth in the quarters ahead. In the last three months, the company's shares have underperformed the industry and look overvalued comparatively.”

Several other analysts also recently issued reports on the stock. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target on the stock. Finally, Argus upped their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Weyerhaeuser presently has an average rating of “Buy” and an average target price of $37.40.

Weyerhaeuser (NYSE:WY) traded down $0.05 during mid-day trading on Friday, reaching $35.27. 2,920,000 shares of the company were exchanged, compared to its average volume of 2,600,000. The stock has a market capitalization of $26,620.00, a P/E ratio of 71.98, a P/E/G ratio of 5.35 and a beta of 1.45. Weyerhaeuser has a 52-week low of $29.88 and a 52-week high of $36.92. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. analysts predict that Weyerhaeuser will post 1.2 earnings per share for the current year.

In related news, insider Rhonda D. Hunter sold 23,343 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the transaction, the insider now owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. Insiders sold 296,623 shares of company stock worth $10,452,392 in the last ninety days. Insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Weyerhaeuser by 3.2% during the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after buying an additional 1,535,736 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 2.6% during the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock valued at $1,283,373,000 after buying an additional 951,807 shares during the period. Capital World Investors lifted its stake in shares of Weyerhaeuser by 67.0% during the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after buying an additional 7,096,454 shares during the period. American Century Companies Inc. lifted its stake in shares of Weyerhaeuser by 5.8% during the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock valued at $580,508,000 after buying an additional 934,684 shares during the period. Finally, Northern Trust Corp increased its position in Weyerhaeuser by 2.3% during the second quarter. Northern Trust Corp now owns 10,723,639 shares of the real estate investment trust’s stock worth $359,243,000 after purchasing an additional 245,971 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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Weyerhaeuser 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.

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