Weyerhaeuser (NYSE:WY) Price Target Lowered to $31.00 at JPMorgan Chase & Co.

Weyerhaeuser (NYSE:WY) had its target price lowered by JPMorgan Chase & Co. from $32.00 to $31.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on WY. DA Davidson decreased their price target on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, June 3rd. CIBC decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Finally, Truist Financial decreased their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $32.88.

Weyerhaeuser Stock Down 1.8%

WY opened at $24.49 on Wednesday. The firm has a 50 day moving average price of $25.69 and a 200 day moving average price of $26.52. The company has a market cap of $17.67 billion, a PE ratio of 64.45, a price-to-earnings-growth ratio of 78.87 and a beta of 1.07. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Sell-side analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the business’s stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC bought a new stake in Weyerhaeuser in the fourth quarter valued at $27,000. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser in the first quarter valued at $29,000. Hantz Financial Services Inc. lifted its stake in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser in the first quarter valued at $31,000. Finally, Costello Asset Management INC bought a new stake in Weyerhaeuser in the first quarter valued at $32,000. 82.99% of the stock is currently owned by institutional investors.

About Weyerhaeuser

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.