Never Liked Weyerhaeuser? Time for a Fresh Look.
The past year has been pretty awful for companies in the residential real estate industry. The rapid increase in interest rates threw a wet blanket on the entire sector. Mortgage originators have struggled with collapsing mortgage volume. Mortgage real estate investment trusts (REITs) have seen the value of their asset portfolios underperform Treasuries. Homebuilders have struggled with affordability issues.
That said, the homebuilding sector has been showing some signs of life, and the entire real estate sector might be bottoming. If a rebound in homebuilding is coming, then a big beneficiary will be timber REIT (NYSE: WY).
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Source Fool.com
Weyerhaeuser Co. Stock
€29.25
0.480%
Our community is currently high on Weyerhaeuser Co. with 5 Buy predictions and 0 Sell predictions.
With a target price of 35 € there is a slightly positive potential of 19.66% for Weyerhaeuser Co. compared to the current price of 29.25 €.
