55,879 Shares in Rayonier Inc. (RYN) Acquired by Mason Street Advisors LLC
Mason Street Advisors LLC purchased a new stake in shares of Rayonier Inc. (NYSE:RYN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 55,879 shares of the real estate investment trust’s stock, valued at approximately $1,466,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new position in Rayonier during the fourth quarter valued at $34,040,000. Commonwealth Equity Services Inc raised its position in Rayonier by 0.7% in the first quarter. Commonwealth Equity Services Inc now owns 18,617 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 136 shares during the last quarter. Virginia Retirement System acquired a new position in Rayonier during the first quarter valued at $740,000. Teachers Advisors Inc. raised its position in Rayonier by 51.1% in the first quarter. Teachers Advisors Inc. now owns 166,530 shares of the real estate investment trust’s stock valued at $4,110,000 after buying an additional 56,295 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Rayonier by 249.3% in the first quarter. Prudential Financial Inc. now owns 261,656 shares of the real estate investment trust’s stock valued at $6,457,000 after buying an additional 186,750 shares during the last quarter. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rayonier Inc. (NYSE:RYN) opened at 26.41 on Tuesday. The stock’s 50 day moving average price is $27.08 and its 200 day moving average price is $25.69. The company has a market cap of $3.24 billion, a P/E ratio of 21.18 and a beta of 0.63. Rayonier Inc. has a 1-year low of $17.85 and a 1-year high of $28.16.
Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Rayonier had a return on equity of 4.06% and a net margin of 22.52%. The business had revenue of $132.10 million for the quarter, compared to analyst estimates of $116.36 million. Rayonier’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Rayonier Inc. will post $0.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.79%. Rayonier’s dividend payout ratio is currently 80.00%.
A number of research analysts have commented on RYN shares. TheStreet upgraded Rayonier from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Monday, August 8th. Finally, Buckingham Research downgraded Rayonier from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research note on Wednesday, September 7th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.75.
In other Rayonier news, VP Shelby L. Pyatt sold 1,500 shares of Rayonier stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $26.97, for a total transaction of $40,455.00. Following the transaction, the vice president now directly owns 6,170 shares in the company, valued at $166,404.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew G. Wiltshire bought 4,000 shares of Rayonier stock in a transaction on Thursday, September 15th. The shares were acquired at an average price of $25.81 per share, for a total transaction of $103,240.00. Following the completion of the acquisition, the director now owns 15,356 shares of the company’s stock, valued at approximately $396,338.36. The disclosure for this purchase can be found here. 0.58% of the stock is owned by insiders.
Rayonier Company Profile
Rayonier Inc (Rayonier) is a timberland real estate investment trust (REIT). As of December 31, 2014, the Company owned, leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres), United States Pacific Northwest (372,000 acres) and New Zealand (451,000 gross acres, or 309,000 net plantable acres).
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