Weyerhaeuser Company (NYSE:WY) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Weyerhaeuser Company (NYSE:WY) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.89.

A number of equities analysts have recently commented on WY shares. Royal Bank Of Canada dropped their target price on Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Friday, October 16th. JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, September 3rd. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Citigroup lowered their price target on Weyerhaeuser from $29.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, October 12th.

Weyerhaeuser Stock Down 1.0%

Shares of WY stock opened at $19.38 on Wednesday. Weyerhaeuser has a 12 month low of $18.25 and a 12 month high of $27.75. The company has a 50 day simple moving average of $21.14 and a two-hundred day simple moving average of $23.77.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. On average, research analysts expect that Weyerhaeuser will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 4.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WY. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 10.6% in the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock worth $1,225,232,000 after purchasing an additional 4,885,818 shares during the period. Wellington Management Group LLP boosted its stake in shares of Weyerhaeuser by 14.3% during the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock valued at $1,043,164,000 after purchasing an additional 5,437,685 shares during the period. State Street Corp boosted its stake in shares of Weyerhaeuser by 3.3% during the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust’s stock valued at $821,117,000 after purchasing an additional 1,106,553 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $468,969,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Weyerhaeuser by 11.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,212,273 shares of the real estate investment trust’s stock worth $151,766,000 after purchasing an additional 639,334 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.