Weyerhaeuser’s (WY) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Weyerhaeuser (NYSE:WY) in a research note released on Friday,Benzinga reports. Royal Bank Of Canada currently has a $30.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $24.46 on Friday. The firm has a market capitalization of $17.64 billion, a P/E ratio of 45.30, a P/E/G ratio of 1.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The company’s 50 day moving average price is $23.99 and its two-hundred day moving average price is $24.62. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $27.75.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser will post 0.31 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s payout ratio is 155.56%.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essential Partners LLC boosted its holdings in shares of Weyerhaeuser by 120,800.0% during the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,208 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 617 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth $39,000. Addison Advisors LLC raised its holdings in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the period. Finally, Bayban bought a new position in shares of Weyerhaeuser during the 4th quarter valued at approximately $41,000. Institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.