Weyerhaeuser Company (WY) – Monthly Stock Update
Publication Date: September 22, 2024
Company Overview
Weyerhaeuser Company (WY) is a prominent real estate investment trust (REIT) headquartered in Seattle, Washington. Established in 1900, the company excels in the management of timberlands and the manufacturing of wood products, sustainably overseeing approximately 11 million acres of timberlands across the U.S. and Canada. In 2022, Weyerhaeuser reported impressive net sales of $10.2 billion and employed around 9,200 employees globally, solidifying its position within the timberland sector. As a key player listed on the New York Stock Exchange, WY operates under the Specialty REITs sub-industry of the Real Estate sector.
Current Stock Performance & Analyst Insights
The current stock price of Weyerhaeuser is $33.24, situated above its fifty-two week low of $26.73, indicating positive performance over the past year. Analysts project a target high price of $38.00 and a mean target price of $35.89, suggesting a potential upward movement in stock value. The stock has a total of 727,315,008 shares outstanding, with approximately 7,446,774 shares held short, reflecting a relatively low short percentage of about 1.22%. This data suggests a stable trading environment, with limited short selling activity compared to overall share volume.
With a bullish outlook supported by a strong recommendation to “buy,” the median target price is slightly higher at $36.00. The sentiment among the nine analyst opinions highlights a high level of confidence in the stock’s growth potential, indicating favorable market conditions for Weyerhaeuser investors. Overall, the company’s financial indicators point toward a productive investment opportunity.
Summary of Financial Health
Weyerhaeuser’s impressive total revenue of approximately $7.53 billion underscores its robust financial standing within the competitive real estate sector. While there is insufficient data regarding the company’s EBITDA, the current indicators—including a positive price trend and an average price of $30.88—suggest strengthening momentum. The combination of investor confidence and limited short selling activity positions Weyerhaeuser as a compelling investment, with room for growth as it approaches its fifty-two week high of $36.27.
By focusing on sustainable forestry practices, Weyerhaeuser not only reinforces its strong market presence but also attracts environmentally conscious investors, making it an appealing choice in today’s finance landscape.
| Metric | Value |
|---|---|
| Market Cap | $24.2b |
| Total Debt | $5.1b |
| Total Cash | $997.0m |
| Shares Outstanding | 727.3m |
| Float Shares | 724.9m |
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