Truist Financial Cuts Weyerhaeuser (NYSE:WY) Price Target to $33.00

Weyerhaeuser (NYSE:WY) had its price target trimmed by Truist Financial from $34.00 to $33.00 in a report issued on Monday,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.57.

Weyerhaeuser Stock Down 1.2 %

Shares of WY opened at $27.68 on Monday. The firm has a market capitalization of $20.11 billion, a P/E ratio of 37.41 and a beta of 1.42. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm has a fifty day moving average price of $30.19 and a 200-day moving average price of $30.72. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm posted $0.33 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WY. Fiduciary Trust Co increased its holdings in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares during the period. Wedmont Private Capital raised its holdings in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 367 shares in the last quarter. CWM LLC increased its holdings in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares during the last quarter. Finally, Trust Co. of Toledo NA OH lifted its holdings in Weyerhaeuser by 0.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

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.