TheStreet downgraded shares of Weyerhaeuser Company (NYSE:WY) from a b- rating to a c+ rating in a research report released on Friday morning.

Several other equities research analysts have also commented on WY. BidaskClub lowered shares of Weyerhaeuser from a buy rating to a hold rating in a report on Friday. BMO Capital Markets lowered shares of Weyerhaeuser from an outperform rating to a market perform rating and boosted their price target for the company from $28.58 to $36.00 in a report on Monday, August 14th. JMP Securities lowered shares of Weyerhaeuser from an outperform rating to a market perform rating and set a $36.00 price target for the company. in a report on Monday, August 14th. ValuEngine upgraded shares of Weyerhaeuser from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Weyerhaeuser from a buy rating to a hold rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $37.00.

Shares of Weyerhaeuser (NYSE:WY) opened at 31.48 on Friday. The stock has a market cap of $23.70 billion, a PE ratio of 24.75 and a beta of 1.40. The firm has a 50-day moving average of $32.82 and a 200-day moving average of $33.38. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser will post $1.05 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. DnB Asset Management AS increased its position in shares of Weyerhaeuser by 20.7% in the first quarter. DnB Asset Management AS now owns 77,699 shares of the real estate investment trust’s stock worth $2,640,000 after buying an additional 13,300 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of 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 worth $140,000 after buying an additional 2,182 shares during the last quarter. Wendell David Associates Inc. increased its position in shares of Weyerhaeuser by 5.3% in the first quarter. Wendell David Associates Inc. now owns 9,648 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 488 shares during the last quarter. Cambridge Advisors Inc. increased its position in shares of Weyerhaeuser by 0.3% in the first quarter. Cambridge Advisors Inc. now owns 8,834 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 30 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Weyerhaeuser by 32.1% in the first quarter. State of Alaska Department of Revenue now owns 361,429 shares of the real estate investment trust’s stock worth $12,280,000 after buying an additional 87,849 shares during the last quarter. 76.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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