BTR Capital Management Inc. increased its stake in Weyerhaeuser Company (NYSE:WY) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 240,424 shares of the real estate investment trust’s stock after buying an additional 1,055 shares during the period. Weyerhaeuser comprises 1.7% of BTR Capital Management Inc.’s holdings, making the stock its 26th largest position. BTR Capital Management Inc.’s holdings in Weyerhaeuser were worth $8,054,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services boosted its position in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the period. Alexandria Capital LLC boosted its position in Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the period. Gemmer Asset Management LLC boosted its position in Weyerhaeuser by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares during the period. Chicago Partners Investment Group LLC boosted its position in Weyerhaeuser by 137.1% in the first quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,400 shares during the period. Finally, Carroll Financial Associates Inc. boosted its position in Weyerhaeuser by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.

Weyerhaeuser Company (WY) traded up 0.18% during mid-day trading on Wednesday, reaching $32.52. 402,223 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $33.33 and a 200-day moving average of $33.27. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 25.57 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. Analysts anticipate that Weyerhaeuser Company will post $1.04 earnings per share for the current year.

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Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research report on Monday, July 31st. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser presently has a consensus rating of “Buy” and a consensus price target of $37.13.

Weyerhaeuser Company Profile

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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