Raymond James & Associates Purchases 1,915 Shares of Rayonier Inc. (NYSE:RYN)

Raymond James & Associates lifted its stake in Rayonier Inc. (NYSE:RYN) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,528 shares of the real estate investment trust’s stock after purchasing an additional 1,915 shares during the period. Raymond James & Associates’ holdings in Rayonier were worth $2,053,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in shares of Rayonier in the 2nd quarter worth about $27,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Rayonier by 258.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,074 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 774 shares during the period. FMR LLC lifted its position in shares of Rayonier by 119.5% in the 1st quarter. FMR LLC now owns 1,473 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 802 shares during the period. BDO Wealth Advisors LLC lifted its position in shares of Rayonier by 103.2% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,770 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 899 shares during the period. Finally, Sugarloaf Wealth Management LLC purchased a new stake in shares of Rayonier in the 3rd quarter worth about $135,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

Shares of RYN stock opened at $39.30 on Friday. The company has a 50 day moving average price of $39.20 and a 200-day moving average price of $37.76. Rayonier Inc. has a 52 week low of $30.27 and a 52 week high of $41.09. The firm has a market capitalization of $5.55 billion, a PE ratio of 36.06 and a beta of 0.94. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 0.65.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.21. Rayonier had a net margin of 14.63% and a return on equity of 5.45%. During the same period last year, the firm earned $0.06 earnings per share. Analysts anticipate that Rayonier Inc. will post 0.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 17th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, December 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.75%. Rayonier’s dividend payout ratio is presently 99.08%.

RYN has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on shares of Rayonier from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, November 5th. Zacks Investment Research cut shares of Rayonier from a “strong-buy” rating to a “hold” rating and set a $42.00 price target for the company. in a research report on Tuesday, January 4th. Finally, BMO Capital Markets reissued a “hold” rating and set a $36.00 price target on shares of Rayonier in a research report on Monday, November 8th.

In related news, VP Mark R. Bridwell sold 842 shares of the business’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $40.70, for a total transaction of $34,269.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Mchugh sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $40.50, for a total transaction of $202,500.00. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Rayonier Profile

Rayonier, Inc is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, Timber Funds and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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