Weyerhaeuser (NYSE:WY) Earns “Outperform” Rating from Royal Bank of Canada

Weyerhaeuser (NYSE:WY)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research report issued on Monday,Benzinga reports. They presently have a $36.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 19.41% from the company’s previous close.

A number of other research analysts have also recently commented on WY. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Down 2.0 %

Weyerhaeuser stock opened at $30.15 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a market cap of $21.91 billion, a PE ratio of 54.82 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm’s 50-day simple moving average is $29.70 and its 200 day simple moving average is $30.92.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Research analysts predict that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in shares of 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 valued at $1,210,694,000 after acquiring an additional 4,035,048 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 valued at $151,437,000 after purchasing an additional 3,220,235 shares during the last quarter. Daiwa Securities Group Inc. raised its position in 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 valued at $74,355,000 after purchasing an additional 2,116,520 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in 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 worth $291,306,000 after buying an additional 2,004,073 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $40,773,000. 82.99% of the stock is currently owned by institutional investors.

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.