Rayonier Inc. (RYN) Shares Bought by Mosaic Financial Partners Inc.
Mosaic Financial Partners Inc. grew its holdings in shares of Rayonier Inc. (NYSE:RYN) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,328 shares of the real estate investment trust’s stock after buying an additional 3,027 shares during the quarter. Rayonier accounts for about 3.0% of Mosaic Financial Partners Inc.’s investment portfolio, making the stock its 12th largest holding. Mosaic Financial Partners Inc. owned about 0.13% of Rayonier worth $4,863,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Rayonier by 6.5% during the 2nd quarter. BlackRock Inc. now owns 12,050,093 shares of the real estate investment trust’s stock valued at $346,681,000 after buying an additional 732,408 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Rayonier by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,611,621 shares of the real estate investment trust’s stock valued at $305,296,000 after buying an additional 551,924 shares during the last quarter. State Street Corp boosted its stake in shares of Rayonier by 5.7% during the 2nd quarter. State Street Corp now owns 3,451,153 shares of the real estate investment trust’s stock valued at $99,289,000 after buying an additional 186,679 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Rayonier by 25.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,205,523 shares of the real estate investment trust’s stock valued at $63,717,000 after buying an additional 451,033 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Rayonier by 4.4% during the 2nd quarter. Northern Trust Corp now owns 1,603,300 shares of the real estate investment trust’s stock valued at $46,126,000 after buying an additional 67,125 shares during the last quarter. Institutional investors own 82.64% of the company’s stock.
Several equities analysts recently issued reports on RYN shares. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, August 21st. BidaskClub upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Royal Bank Of Canada restated a “hold” rating and set a $28.00 price objective on shares of Rayonier in a research note on Monday, July 31st. Finally, BMO Capital Markets cut Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a research note on Monday, August 14th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.25.
Shares of Rayonier Inc. (NYSE:RYN) traded up $0.10 on Friday, reaching $31.32. The company had a trading volume of 170,243 shares, compared to its average volume of 545,885. Rayonier Inc. has a 52-week low of $26.07 and a 52-week high of $31.47. The company has a market capitalization of $4,027.83, a PE ratio of 63.76, a PEG ratio of 11.62 and a beta of 0.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.45.
Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.14. Rayonier had a return on equity of 3.89% and a net margin of 17.06%. The firm had revenue of $177.90 million for the quarter, compared to analysts’ expectations of $144.06 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. sell-side analysts predict that Rayonier Inc. will post 0.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier’s dividend payout ratio is presently 95.24%.
Rayonier Company 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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