Shares of Weyerhaeuser (NYSE:WY) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $39.29.
A number of brokerages recently weighed in on WY. The Goldman Sachs Group started coverage on shares of Weyerhaeuser in a report on Thursday, July 15th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research report on Monday, October 4th. Raymond James lowered their price target on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Friday, August 27th. Finally, Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Tuesday, July 27th.
Shares of WY stock opened at $37.40 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.42 and a current ratio of 2.85. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 12.26 and a beta of 1.84. Weyerhaeuser has a 52-week low of $26.57 and a 52-week high of $41.68. The company has a 50-day simple moving average of $35.58 and a two-hundred day simple moving average of $36.08.
The business also recently announced a None dividend, which will be paid on Tuesday, October 19th. Shareholders of record on Tuesday, October 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, October 4th. Weyerhaeuser’s payout ratio is presently 52.71%.
A number of large investors have recently made changes to their positions in the business. Cohen & Steers Inc. raised its position in shares of Weyerhaeuser by 13.6% during the 1st quarter. Cohen & Steers Inc. now owns 35,371,339 shares of the real estate investment trust’s stock valued at $1,259,204,000 after buying an additional 4,221,921 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Weyerhaeuser by 84.5% during the first quarter. Ameriprise Financial Inc. now owns 9,013,641 shares of the real estate investment trust’s stock worth $320,900,000 after purchasing an additional 4,127,300 shares during the last quarter. BlackRock Inc. lifted its stake in Weyerhaeuser by 6.2% during the second quarter. BlackRock Inc. now owns 55,782,448 shares of the real estate investment trust’s stock worth $1,920,035,000 after purchasing an additional 3,235,581 shares during the last quarter. Zimmer Partners LP bought a new position in shares of Weyerhaeuser during the 1st quarter valued at about $94,340,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Weyerhaeuser by 43.8% during the 2nd quarter. Principal Financial Group Inc. now owns 6,116,393 shares of the real estate investment trust’s stock valued at $210,527,000 after buying an additional 1,862,172 shares in the last quarter. 81.21% of the stock is owned by hedge funds and other institutional investors.
Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.
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