Weyerhaeuser (NYSE:WY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday. They presently have a $39.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.61% 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.”

WY has been the topic of several other reports. 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. Stephens initiated coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target on the stock. Finally, TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.44.

Shares of Weyerhaeuser (NYSE WY) traded up $0.27 during trading hours on Friday, reaching $35.26. 2,891,478 shares of the company traded hands, compared to its average volume of 2,576,338. The company has a market cap of $26,411.48, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 5.22 and a beta of 1.45. Weyerhaeuser has a one year low of $29.88 and a one year high of $36.92. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The company 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. analysts predict that Weyerhaeuser will post 1.2 earnings per share for the current fiscal year.

In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rhonda D. Hunter sold 45,939 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 296,623 shares of company stock valued at $10,452,392. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in WY. Capital World Investors lifted its position in shares of Weyerhaeuser by 67.0% in the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after purchasing an additional 7,096,454 shares during the period. Vanguard Group Inc. lifted its position in shares of Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after purchasing an additional 1,535,736 shares during the period. Principal Financial Group Inc. lifted its position in shares of Weyerhaeuser by 110.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock worth $95,903,000 after purchasing an additional 1,476,159 shares during the period. Janus Henderson Group PLC lifted its position in shares of Weyerhaeuser by 1,559.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after purchasing an additional 1,389,961 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of Weyerhaeuser by 2.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after purchasing an additional 951,807 shares during the period. 74.77% of the stock is owned by institutional investors.

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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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