Weyerhaeuser (NYSE:WY – Get Rating) – Research analysts at Seaport Res Ptn raised their third-quarter 2022 earnings estimates for Weyerhaeuser in a report released Tuesday, May 3. Seaport Res Ptn analyst Mr. Weintraub now expects the real estate investment trust to post earnings per share of $0.48 for the quarter, up from its previous estimate of $0.38. Seaport Res Ptn also released estimates of Weyerhaeuser’s fourth quarter 2022 earnings at $0.36 EPS and full-year 2022 earnings at $3.25 EPS.
WY has been the subject of several other reports. BMO Capital Markets downgraded Weyerhaeuser from an “outperform” rating to a “market performance” rating and set a target price of $42.00 for the company. in a research report on Monday. StockNews.com upgraded Weyerhaeuser shares from a “strong buy” rating to a “buy” rating in a research report on Wednesday. Three analysts gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and a consensus target price of $41.00.
Weyerhaeuser stock opened at $42.22 on Thursday. The company has a debt ratio of 0.49, a quick ratio of 2.20 and a current ratio of 2.82. Weyerhaeuser has a fifty-two week low of $32.65 and a fifty-two week high of $43.04. The stock has a market capitalization of $31.54 billion, a P/E ratio of 11.76 and a beta of 1.48. The company’s fifty-day moving average price is $39.55 and its 200-day moving average price is $39.22.
Weyerhaeuser (NYSE:WY – Get Rating) last released its results on Friday, April 29. The real estate investment trust reported earnings per share of $1.31 for the quarter, beating the Zacks consensus estimate of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The company posted revenue of $2.21 billion for the quarter, versus analyst estimates of $2.99 billion. In the same quarter a year earlier, the company posted EPS of $0.91. Weyerhaeuser’s revenue was down 12.0% year over year.
Several institutional investors and hedge funds have recently changed their positions in the company. DeDora Capital Inc. purchased a new stake in Weyerhaeuser during Q1 for approximately $27,000. FinTrust Capital Advisors LLC increased its position in Weyerhaeuser by 4,000.0% in the third quarter. FinTrust Capital Advisors LLC now owns 820 shares of the real estate investment trust worth $29,000 after buying an additional 800 shares in the last quarter. Rosenberg Matthew Hamilton increased his position in Weyerhaeuser by 44.1% in the first quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust worth $31,000 after buying 251 additional shares in the last quarter. Kistler Tiffany Companies LLC purchased a new equity stake in Weyerhaeuser during the fourth quarter valued at approximately $32,000. Finally, HHM Wealth Advisors LLC increased its holdings of Weyerhaeuser shares by 44.9% in the first quarter. HHM Wealth Advisors LLC now owns 917 shares of the real estate investment trust worth $35,000 after buying 284 additional shares in the last quarter. Hedge funds and other institutional investors hold 82.38% of the company’s shares.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18. Investors of record on Friday, March 4 received a dividend of $0.18 per share. This represents a dividend of $0.72 on an annualized basis and a dividend yield of 1.71%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 3. Weyerhaeuser’s dividend payout ratio (DPR) is currently 20.06%.
Weyerhaeuser Company Profile (Get a rating)
Weyerhaeuser Company, one of the largest private owners of forest land in the world, began operations in 1900. We own or control approximately 11 million acres of forest land in the United States and manage additional forest land under long-term licenses in Canada. We manage these forest lands on a sustainable basis in accordance with internationally recognized forestry standards.
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