Weyerhaeuser (NYSE:WY) Price Target Cut to $37.00 by Analysts at Royal Bank of Canada

Weyerhaeuser (NYSE:WY) had its price objective trimmed by Royal Bank of Canada from $38.00 to $37.00 in a report published on Monday morning, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on WY. BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a market perform rating in a report on Friday, March 22nd. Truist Financial reaffirmed a hold rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a neutral rating in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Weyerhaeuser from a buy rating to a hold rating in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $37.67.

Weyerhaeuser Stock Up 0.5 %

WY opened at $31.19 on Monday. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 28.35 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The firm’s fifty day moving average is $33.90 and its 200 day moving average is $32.75. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts forecast that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

In other news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,699 shares of company stock worth $1,455,609. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WY. Millburn Ridgefield Corp purchased a new position in Weyerhaeuser during the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $26,000. American National Bank increased its stake in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.