Nisa Investment Advisors LLC lifted its stake in Rayonier Inc. (NYSE:RYN) by 19.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,997 shares of the real estate investment trust’s stock after buying an additional 16,880 shares during the period. Nisa Investment Advisors LLC’s holdings in Rayonier were worth $2,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RYN. FMR LLC boosted its position in shares of Rayonier by 119.5% in the first quarter. FMR LLC now owns 1,473 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 802 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Rayonier by 0.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 237,067 shares of the real estate investment trust’s stock worth $7,766,000 after buying an additional 870 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Rayonier by 127.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 17,696 shares of the real estate investment trust’s stock worth $580,000 after buying an additional 9,905 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Rayonier in the fourth quarter worth about $273,000. Finally, Alliancebernstein L.P. boosted its position in shares of Rayonier by 1.5% in the fourth quarter. Alliancebernstein L.P. now owns 400,418 shares of the real estate investment trust’s stock worth $13,118,000 after buying an additional 5,829 shares during the period. 88.52% of the stock is owned by institutional investors.

In other news, CEO David L. Nunes acquired 1,428 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $23.82 per share, for a total transaction of $34,014.96. Following the completion of the purchase, the chief executive officer now directly owns 392,986 shares of the company’s stock, valued at approximately $9,360,926.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

A number of research analysts recently commented on RYN shares. Raymond James increased their price target on Rayonier from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Royal Bank of Canada reissued a “hold” rating and issued a $25.00 price target on shares of Rayonier in a report on Thursday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.50.

Shares of NYSE RYN opened at $27.78 on Friday. The stock’s 50 day moving average price is $25.50 and its two-hundred day moving average price is $25.74. Rayonier Inc. has a 52-week low of $15.96 and a 52-week high of $33.10. The stock has a market capitalization of $3.66 billion, a P/E ratio of 60.39 and a beta of 0.89. The company has a quick ratio of 2.54, a current ratio of 2.73 and a debt-to-equity ratio of 0.75.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). Rayonier had a net margin of 7.74% and a return on equity of 2.25%. The firm had revenue of $259.10 million for the quarter, compared to analyst estimates of $166.06 million. During the same quarter in the previous year, the company earned $0.19 EPS. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, analysts anticipate that Rayonier Inc. will post 0.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.89%. The ex-dividend date is Tuesday, September 15th. Rayonier’s payout ratio is currently 234.78%.

Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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