Shares of Weyerhaeuser Company (NYSE:WY) traded at a new 52-week high today of $38.74. Approximately 861,000 shares have changed hands today, as compared to an average 30-day volume of 4.2 million shares.
Based on a current price of $38.71, Weyerhaeuser Company is currently 3.3% above its average consensus analyst price target of $37.45.
Weyerhaeuser ranks among the world’s largest forest product companies. Following the 2016 sale of its pulp business to International Paper, Weyerhaeuser operates three business segments: timberlands, wood products, and real estate. Weyerhaeuser is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities. Earnings from its wood products segment are subject to federal income tax. Weyerhaeuser acquired fellow timber REIT Plum Creek in 2016.
In the past 52 weeks, Weyerhaeuser Company share prices are bracketed by a low of $16.05 and a high of $38.74 and is now at $38.71, 141% above that low price.
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