Weyerhaeuser (NYSE:WY) Stock Price Breaks Above 50 Day Moving Average After Analyst Downgrade

Shares of Weyerhaeuser Company (NYSE:WY) crossed above its 50 day moving average during trading on Monday after Citigroup raised their price target on the stock from $21.00 to $23.00. The stock has a 50 day moving average of $20.81 and traded as high as $21.42. Citigroup currently has a buy rating on the stock. Weyerhaeuser shares last traded at $21.2510, with a volume of 10,785,249 shares.

Several other research analysts also recently issued reports on WY. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $28.00 to $25.00 in a research note on Wednesday, October 14th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $26.10.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WY. Unison Advisors LLC increased its position in shares of Weyerhaeuser by 0.8% during the first quarter. Unison Advisors LLC now owns 71,662 shares of the real estate investment trust’s stock worth $1,751,000 after acquiring an additional 578 shares in the last quarter. Versant Capital Management Inc increased its holdings in 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 worth $34,000 after purchasing an additional 617 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Weyerhaeuser by 3.7% during the 1st quarter. Arkadios Wealth Advisors now owns 18,104 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 646 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Weyerhaeuser by 0.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 89,772 shares of the real estate investment trust’s stock valued at $2,193,000 after purchasing an additional 693 shares during the period. Finally, 180 Wealth Advisors LLC raised its stake in shares of Weyerhaeuser by 1.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 60,480 shares of the real estate investment trust’s stock valued at $1,478,000 after purchasing an additional 695 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 34.28, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a 50 day simple moving average of $20.81 and a 200-day simple moving average of $23.67. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.92 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. Weyerhaeuser’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. Research analysts expect that Weyerhaeuser Company will post 0.27 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 4.0%. Weyerhaeuser’s dividend payout ratio is presently 135.48%.

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.