FineMark National Bank & Trust decreased its position in shares of Weyerhaeuser Company (NYSE:WY) by 51.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,200 shares of the real estate investment trust’s stock after selling 7,672 shares during the period. FineMark National Bank & Trust’s holdings in Weyerhaeuser were worth $241,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of WY. Lodestar Investment Counsel LLC IL boosted its position in Weyerhaeuser by 33.3% in the first quarter. Lodestar Investment Counsel LLC IL now owns 8,904 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 2,224 shares during the last quarter. Washington Trust Bank boosted its position in Weyerhaeuser by 37.8% in the first quarter. Washington Trust Bank now owns 17,984 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 4,933 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in Weyerhaeuser by 17,880.5% in the first quarter. OLD Second National Bank of Aurora now owns 80,373 shares of the real estate investment trust’s stock worth $2,731,000 after buying an additional 79,926 shares during the last quarter. Pinnacle Bank bought a new position in Weyerhaeuser during the first quarter worth $156,000. Finally, Peoples Financial Services CORP. boosted its position in Weyerhaeuser by 3.0% in the first quarter. Peoples Financial Services CORP. now owns 58,566 shares of the real estate investment trust’s stock worth $1,989,000 after buying an additional 1,700 shares during the last quarter. 76.21% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Company (NYSE:WY) opened at 32.22 on Friday. The company has a 50-day moving average price of $33.12 and a 200-day moving average price of $33.34. 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 $24.26 billion, a PE ratio of 25.33 and a beta of 1.40.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 return on equity of 7.17% and a net margin of 14.09%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.17 earnings per share. Weyerhaeuser’s quarterly revenue was up 9.2% compared to the same quarter last year. Analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, April 18th. Citigroup Inc. reissued a “buy” rating and issued a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a report on Saturday, April 22nd. BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Friday, June 23rd. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. One equities 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.13.
Weyerhaeuser Company Profile
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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