Citigroup Cuts Weyerhaeuser (WY) Price Target to $35.00

Weyerhaeuser (NYSE:WY) had its price objective trimmed by Citigroup from $42.00 to $35.00 in a report released on Thursday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on WY. Zacks Investment Research downgraded shares of Weyerhaeuser from a buy rating to a hold rating in a report on Wednesday, August 8th. DA Davidson reissued a neutral rating on shares of Weyerhaeuser in a report on Friday, July 27th. ValuEngine downgraded shares of Weyerhaeuser from a hold rating to a sell rating in a report on Wednesday, October 3rd. Finally, Vertical Research raised shares of Weyerhaeuser from a hold rating to a buy rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $37.00.

WY stock traded down $2.46 during trading on Thursday, hitting $26.49. The company had a trading volume of 9,087,482 shares, compared to its average volume of 4,158,871. The company has a market capitalization of $20.92 billion, a P/E ratio of 23.11, a PEG ratio of 3.55 and a beta of 1.38. Weyerhaeuser has a fifty-two week low of $26.00 and a fifty-two week high of $38.39. The company has a quick ratio of 1.77, a current ratio of 2.18 and a debt-to-equity ratio of 0.67.



Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $0.34 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser will post 1.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Thursday, September 13th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.32. Weyerhaeuser’s payout ratio is presently 118.26%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Weyerhaeuser by 52.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 189,053 shares of the real estate investment trust’s stock worth $6,134,000 after buying an additional 64,967 shares during the period. Securian Asset Management Inc raised its holdings in Weyerhaeuser by 3.9% during the 3rd quarter. Securian Asset Management Inc now owns 140,327 shares of the real estate investment trust’s stock worth $4,528,000 after buying an additional 5,307 shares during the period. Reinhart Partners Inc. raised its holdings in Weyerhaeuser by 24.6% during the 3rd quarter. Reinhart Partners Inc. now owns 974,132 shares of the real estate investment trust’s stock worth $31,435,000 after buying an additional 192,618 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Weyerhaeuser by 58.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 274,467 shares of the real estate investment trust’s stock worth $8,860,000 after buying an additional 101,725 shares during the period. Finally, Middleton & Co Inc MA acquired a new stake in Weyerhaeuser during the 3rd quarter worth about $227,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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