Steinberg Global Asset Management acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, Holdings Channel reports. The institutional investor acquired 6,295 shares of the real estate investment trust’s stock, valued at approximately $211,000.

A number of other large investors have also added to or reduced their stakes in WY. First Personal Financial Services increased its stake 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 increased its stake 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 increased its stake in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the period. First Command Bank increased its stake in Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,765 shares during the period. Finally, Carroll Financial Associates Inc. increased its stake 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. 76.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Weyerhaeuser Company (NYSE WY) opened at 32.22 on Friday. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The stock has a 50 day moving average of $33.12 and a 200-day moving average of $33.34. The stock has a market capitalization of $24.26 billion, a P/E ratio of 25.33 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. Equities analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current year.

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WY has been the topic of several recent research reports. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, July 7th. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, May 17th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus target price of $37.13.

About Weyerhaeuser

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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