Genovese Burford & Brothers Wealth & Retirement Plan Management LLC maintained its position in Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the real estate investment trust’s stock at the end of the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Weyerhaeuser were worth $268,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Personal Financial Services raised its stake 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 worth $109,000 after buying an additional 1,520 shares during the last quarter. Alexandria Capital LLC raised its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC raised its stake 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. Chicago Partners Investment Group LLC raised its stake in shares of 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 worth $141,000 after buying an additional 2,400 shares during the last quarter. Finally, First Command Bank raised its stake 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 worth $140,000 after buying an additional 1,765 shares during the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Weyerhaeuser Company (NYSE WY) opened at 31.94 on Wednesday. The stock has a 50 day moving average of $33.02 and a 200 day moving average of $33.37. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 25.11 and a beta of 1.40. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.

Weyerhaeuser (NYSE:WY) last posted 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts forecast that Weyerhaeuser Company will post $1.04 earnings per share for the current year.

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A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Bank of America Corporation lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, JMP Securities lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Weyerhaeuser presently has an average rating of “Buy” and an average target price 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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