Weyerhaeuser (NYSE:WY) Upgraded to Outperform at Raymond James

Weyerhaeuser (NYSE:WY) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Monday, Marketbeat.com reports. The brokerage currently has a $32.00 price objective on the real estate investment trust’s stock. Raymond James’ price target indicates a potential upside of 13.23% from the stock’s previous close.

WY has been the subject of a number of other reports. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Truist Financial boosted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $35.71.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $28.26 on Monday. The firm’s 50 day simple moving average is $31.17 and its 200 day simple moving average is $30.81. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 38.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Institutional Trading of Weyerhaeuser

A number of institutional investors have recently made changes to their positions in WY. Wellington Management Group LLP raised its holdings in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Weyerhaeuser by 2,664.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock worth $74,355,000 after purchasing an additional 2,116,520 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after buying an additional 2,004,073 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Weyerhaeuser by 512.3% in the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after buying an additional 1,308,125 shares in the last quarter. Institutional investors own 82.99% 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 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.