Cutler Capital Management LLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,136 shares of the real estate investment trust’s stock after buying an additional 3,560 shares during the period. Weyerhaeuser makes up 2.2% of Cutler Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Cutler Capital Management LLC’s holdings in Weyerhaeuser were worth $4,828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Bridge Advisors raised its position in Weyerhaeuser by 40.0% in the second quarter. Tower Bridge Advisors now owns 124,085 shares of the real estate investment trust’s stock worth $4,157,000 after buying an additional 35,448 shares during the last quarter. OLD Point Trust & Financial Services N A raised its position in Weyerhaeuser by 10.2% in the second quarter. OLD Point Trust & Financial Services N A now owns 64,280 shares of the real estate investment trust’s stock worth $2,153,000 after buying an additional 5,950 shares during the last quarter. Moody Lynn & Lieberson LLC purchased a new position in Weyerhaeuser during the second quarter worth about $395,000. 1ST Source Bank raised its position in Weyerhaeuser by 1.0% in the second quarter. 1ST Source Bank now owns 30,592 shares of the real estate investment trust’s stock worth $1,025,000 after buying an additional 295 shares during the last quarter. Finally, Boston Advisors LLC raised its position in Weyerhaeuser by 7.7% in the second quarter. Boston Advisors LLC now owns 38,578 shares of the real estate investment trust’s stock worth $1,292,000 after buying an additional 2,769 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

Shares of Weyerhaeuser Company (WY) opened at 32.22 on Friday. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of 25.33 and a beta of 1.40. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The firm has a 50-day moving average of $33.12 and a 200 day moving average of $33.34.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts predict that Weyerhaeuser Company will post $1.05 EPS for the current year.

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A number of research firms recently issued reports on WY. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a research note on Monday, July 31st. Finally, Bank of America Corporation lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average 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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