Retirement Systems of Alabama raised its stake in Weyerhaeuser Company (NYSE:WY) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 364,269 shares of the real estate investment trust’s stock after buying an additional 2,218 shares during the period. Retirement Systems of Alabama’s holdings in Weyerhaeuser were worth $12,203,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WY. Barnett & Company Inc. purchased a new position in shares of Weyerhaeuser during the second quarter valued at about $101,000. First Personal Financial Services boosted its position in shares of 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 last quarter. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC boosted its position in shares of 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 last quarter. Finally, First Command Bank boosted its position in shares of 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 last quarter. 76.20% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company (WY) opened at 31.17 on Friday. The company’s 50-day moving average price is $32.88 and its 200 day moving average price is $33.35. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The stock has a market capitalization of $23.47 billion, a PE ratio of 24.50 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on WY shares. Citigroup Inc. restated a “buy” rating and issued a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.00.

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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