Invictus RG bought a new position in shares of Rayonier Inc. (NYSE:RYN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,463 shares of the real estate investment trust’s stock, valued at approximately $418,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Rayonier by 6.5% in the second quarter. BlackRock Inc. now owns 12,050,093 shares of the real estate investment trust’s stock valued at $346,681,000 after purchasing an additional 732,408 shares in the last quarter. Vanguard Group Inc. raised its stake in Rayonier by 5.5% in the second quarter. Vanguard Group Inc. now owns 10,611,621 shares of the real estate investment trust’s stock valued at $305,296,000 after purchasing an additional 551,924 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in 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. State Street Corp raised its stake in Rayonier by 5.7% in the second quarter. State Street Corp now owns 3,451,153 shares of the real estate investment trust’s stock valued at $99,289,000 after purchasing an additional 186,679 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in Rayonier by 25.7% in the third 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 purchasing an additional 451,033 shares in the last quarter. 83.39% of the stock is owned by institutional investors.

Rayonier Inc. (RYN) traded down $0.52 during trading on Tuesday, reaching $30.98. The company’s stock had a trading volume of 335,300 shares, compared to its average volume of 541,934. Rayonier Inc. has a 1 year low of $26.15 and a 1 year high of $31.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.74. The company has a market capitalization of $4,061.35, a PE ratio of 64.29, a PEG ratio of 11.72 and a beta of 0.39.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarter in the previous year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. research analysts forecast that Rayonier Inc. will post 0.54 earnings per share for the current year.

The firm 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 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier’s dividend payout ratio is presently 95.24%.

A number of research analysts recently commented on RYN shares. Zacks Investment Research raised Rayonier from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, August 21st. BidaskClub raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. BMO Capital Markets reaffirmed a “hold” rating and issued a $31.00 price target on shares of Rayonier in a research note on Thursday, November 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price target on shares of Rayonier in a research note on Wednesday, November 15th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.25.

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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.

Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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