Teachers Retirement System of The State of Kentucky raised its position in shares of Rayonier Inc. (NYSE:RYN) by 22.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,890 shares of the real estate investment trust’s stock after acquiring an additional 5,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Rayonier were worth $806,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Stelac Advisory Services LLC raised its holdings in shares of Rayonier by 32.1% during the third quarter. Stelac Advisory Services LLC now owns 13,447 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 3,267 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Rayonier by 0.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,727,707 shares of the real estate investment trust’s stock valued at $136,583,000 after purchasing an additional 41,077 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in shares of Rayonier by 6.7% in the third quarter. Exencial Wealth Advisors LLC now owns 70,746 shares of the real estate investment trust’s stock valued at $2,044,000 after purchasing an additional 4,449 shares in the last quarter. Cipher Capital LP grew its position in shares of Rayonier by 34.0% in the third quarter. Cipher Capital LP now owns 98,857 shares of the real estate investment trust’s stock valued at $2,856,000 after purchasing an additional 25,093 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Rayonier by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 434,981 shares of the real estate investment trust’s stock valued at $12,565,000 after purchasing an additional 9,873 shares in the last quarter. 83.40% of the stock is owned by institutional investors and hedge funds.

RYN has been the subject of a number of analyst reports. Zacks Investment Research upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets lowered Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research report on Monday, August 14th. BidaskClub upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $29.00 price target on shares of Rayonier in a research report on Sunday, October 8th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $31.25.

Rayonier Inc. (NYSE:RYN) traded down $0.05 during mid-day trading on Friday, hitting $31.50. The stock had a trading volume of 345,410 shares, compared to its average volume of 510,005. The company has a quick ratio of 1.45, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $4,067.79, a price-to-earnings ratio of 64.39, a PEG ratio of 11.74 and a beta of 0.38. Rayonier Inc. has a 1-year low of $26.15 and a 1-year high of $31.79.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The business had revenue of $177.90 million during the quarter, compared to analyst estimates of $144.06 million. Rayonier had a return on equity of 3.89% and a net margin of 17.06%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. equities research analysts forecast that Rayonier Inc. will post 0.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 3.17%. Rayonier’s payout ratio is 95.24%.

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About Rayonier

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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