Weyerhaeuser Co (NYSE:WY) declared a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.34 per share by the real estate investment trust on Friday, December 20th. This represents a $1.36 annualized dividend and a dividend yield of 4.59%.
WY stock traded up $0.28 during mid-day trading on Friday, reaching $29.63. 2,328,918 shares of the stock traded hands, compared to its average volume of 4,317,481. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.72. Weyerhaeuser has a 52-week low of $20.52 and a 52-week high of $30.28. The company has a market cap of $22.11 billion, a P/E ratio of 25.11 and a beta of 1.66. The stock’s fifty day moving average is $28.17 and its 200-day moving average is $26.14.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the company posted $0.28 earnings per share. Weyerhaeuser’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.49 earnings per share for the current year.
A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. BMO Capital Markets set a $32.00 price objective on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, September 17th. ValuEngine raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Scotiabank set a $28.50 price objective on shares of Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America set a $31.00 price objective on shares of Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $30.93.
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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