Los Angeles Capital Management & Equity Research Inc. continued to hold its position in Rayonier Inc. (NYSE:RYN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,516 shares of the real estate investment trust’s stock at the close of the second quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Rayonier were worth $1,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Rayonier by 13,910.0% during the first quarter. BlackRock Inc. now owns 11,317,685 shares of the real estate investment trust’s stock worth $320,744,000 after purchasing an additional 11,236,902 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Rayonier by 5.1% during the first quarter. Vanguard Group Inc. now owns 10,059,697 shares of the real estate investment trust’s stock worth $285,092,000 after purchasing an additional 490,621 shares in the last quarter. State Street Corp lifted its position in shares of Rayonier by 2.1% during the first quarter. State Street Corp now owns 3,264,474 shares of the real estate investment trust’s stock worth $92,518,000 after purchasing an additional 66,645 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Rayonier by 7.1% during the second quarter. Confluence Investment Management LLC now owns 2,844,858 shares of the real estate investment trust’s stock worth $81,847,000 after purchasing an additional 189,668 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Rayonier by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 1,572,270 shares of the real estate investment trust’s stock worth $45,234,000 after purchasing an additional 79,166 shares in the last quarter. 82.40% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Vertical Research raised shares of Rayonier to a “buy” rating in a report on Sunday, May 28th. BMO Capital Markets cut shares of Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $28.00 price target on shares of Rayonier in a report on Monday, July 31st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Rayonier presently has a consensus rating of “Hold” and an average price target of $30.00.

Shares of Rayonier Inc. (NYSE:RYN) opened at 28.47 on Tuesday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 23.98 and a beta of 0.35. Rayonier Inc. has a 1-year low of $25.24 and a 1-year high of $29.86. The firm’s 50-day moving average is $28.59 and its 200 day moving average is $28.50.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The company had revenue of $194.70 million during the quarter, compared to analysts’ expectations of $151.50 million. Rayonier had a return on equity of 5.03% and a net margin of 19.10%. Rayonier’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Equities analysts expect that Rayonier Inc. will post $0.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 3.51%. Rayonier’s dividend payout ratio (DPR) is currently 84.75%.

Rayonier Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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