Press coverage about Weyerhaeuser (NYSE:WY) has trended somewhat positive on Saturday, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Weyerhaeuser earned a media sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave news stories about the real estate investment trust an impact score of 75 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected AlphaOne Sentiment’s scoring:
- Watch for Weyerhaeuser to Potentially Pullback After Gaining 1.81% Yesterday (mysmartrend.com)
- Weyerhaeuser Company : declares dividend on common shares (4-traders.com)
- Weyerhaeuser Co (WY) Declares Quarterly Dividend of $0.31 (americanbankingnews.com)
- Amica Mutual Insurance Company Decreased Its Weyerhaeuser Co (WY) Holding by $6.34 Million; Stock Price Were … – Weekly Register (weeklyregister.com)
- BRIEF-Weyerhaeuser declares dividend on common shares (feeds.reuters.com)
A number of analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday. Citigroup Inc reissued a “buy” rating and issued a $39.00 target price (up from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Royal Bank of Canada reissued a “buy” rating and issued a $37.00 target price on shares of Weyerhaeuser in a research note on Tuesday, April 18th. Finally, Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Monday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus price target of $36.50.
Shares of Weyerhaeuser (NYSE:WY) traded up 0.98% on Friday, reaching $33.02. The company’s stock had a trading volume of 2,925,728 shares. The stock has a market cap of $24.83 billion, a P/E ratio of 22.63 and a beta of 1.36. Weyerhaeuser has a 12 month low of $26.55 and a 12 month high of $35.50. The firm’s 50-day moving average price is $33.89 and its 200-day moving average price is $32.30.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Weyerhaeuser had a return on equity of 5.98% and a net margin of 15.11%. Weyerhaeuser’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. On average, analysts forecast that Weyerhaeuser will post $1.00 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.76%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 91.85%.
In other news, VP Rhonda D. Hunter sold 14,099 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $34.00, for a total value of $479,366.00. Following the sale, the vice president now directly owns 88,510 shares in the company, valued at approximately $3,009,340. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Rick R. Holley sold 33,416 shares of Weyerhaeuser stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $35.21, for a total value of $1,176,577.36. Following the sale, the director now owns 571,036 shares in the company, valued at $20,106,177.56. The disclosure for this sale can be found here. Insiders sold a total of 235,492 shares of company stock worth $8,246,999 over the last ninety days. Insiders own 1.30% of the company’s stock.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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