Weyerhaeuser (NYSE:WY) Upgraded at Bank of America

Bank of America upgraded shares of Weyerhaeuser (NYSE:WY) from a neutral rating to a buy rating in a report published on Wednesday, Marketbeat reports. They currently have $25.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $28.00.

Other analysts have also issued research reports about the company. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Truist Financial reduced their price objective on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Finally, Seaport Research Partners set a $30.00 price objective on Weyerhaeuser in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Weyerhaeuser Stock Up 1.4%

Shares of NYSE:WY opened at $19.64 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The company has a market cap of $14.16 billion, a PE ratio of 92.29, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92. Weyerhaeuser has a 52 week low of $18.25 and a 52 week high of $27.75. The firm has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $23.41.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the business posted $0.12 EPS. The company’s revenue was down 8.3% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser will post 0.27 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.3%. Weyerhaeuser’s payout ratio is presently 129.23%.

Institutional Investors Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC grew 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 in the last quarter. Nvwm LLC raised its holdings in shares of Weyerhaeuser by 174.7% during the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 800 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Weyerhaeuser by 77.6% during the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 617 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of Weyerhaeuser during the second quarter worth $35,000. Finally, Bayban acquired a new stake in Weyerhaeuser during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.