Weyerhaeuser (NYSE:WY) Given Consensus Rating of “Buy” by Brokerages

Shares of Weyerhaeuser (NYSE:WYGet Rating) have earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.00.

Separately, StockNews.com initiated coverage on shares of Weyerhaeuser in a report on Thursday, March 31st. They set a “buy” rating on the stock.

Weyerhaeuser stock opened at $41.52 on Monday. The stock has a market cap of $31.02 billion, a P/E ratio of 11.97 and a beta of 1.66. Weyerhaeuser has a fifty-two week low of $32.65 and a fifty-two week high of $43.04. The firm’s fifty day moving average price is $39.25 and its 200-day moving average price is $39.02. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.74 and a current ratio of 3.29.

Weyerhaeuser (NYSE:WYGet Rating) last announced its earnings results on Thursday, January 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Weyerhaeuser had a net margin of 25.56% and a return on equity of 24.73%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser will post 2.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were paid a $0.18 dividend. The ex-dividend date was Thursday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.73%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.17. Weyerhaeuser’s payout ratio is presently 20.75%.

A number of hedge funds have recently made changes to their positions in the business. DeDora Capital Inc. bought a new position in Weyerhaeuser during the 1st quarter valued at about $27,000. FinTrust Capital Advisors LLC grew its holdings in Weyerhaeuser by 4,000.0% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 820 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 800 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Weyerhaeuser by 44.1% during the 1st quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 251 shares during the last quarter. Kistler Tiffany Companies LLC bought a new position in Weyerhaeuser during the 4th quarter valued at about $32,000. Finally, Concord Wealth Partners bought a new position in Weyerhaeuser during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

About Weyerhaeuser (Get Rating)

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.

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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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