American Century Companies Inc. increased its holdings in Rayonier Inc. (NYSE:RYN) by 14.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 769,986 shares of the real estate investment trust’s stock after purchasing an additional 97,897 shares during the period. American Century Companies Inc.’s holdings in Rayonier were worth $24,355,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Rayonier by 0.9% in the 3rd 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 boosted its stake in shares of Rayonier by 5.7% in 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 purchasing an additional 186,679 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Rayonier by 2.7% in the 4th quarter. Confluence Investment Management LLC now owns 3,029,777 shares of the real estate investment trust’s stock valued at $95,832,000 after purchasing an additional 80,466 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Rayonier by 25.7% in 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 purchasing an additional 451,033 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Rayonier by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,618,856 shares of the real estate investment trust’s stock valued at $46,769,000 after purchasing an additional 46,586 shares in the last quarter. 83.60% of the stock is owned by institutional investors.

Shares of Rayonier Inc. (NYSE RYN) opened at $33.97 on Thursday. Rayonier Inc. has a 12 month low of $26.84 and a 12 month high of $33.97. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.60. The stock has a market cap of $4,173.52, a price-to-earnings ratio of 29.28, a PEG ratio of 10.75 and a beta of 0.38.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. Rayonier had a net margin of 18.64% and a return on equity of 4.96%. The company had revenue of $186.30 million during the quarter, compared to analyst estimates of $165.73 million. During the same period in the prior year, the business posted $0.05 EPS. The firm’s revenue was up 22.9% compared to the same quarter last year. analysts forecast that Rayonier Inc. will post 0.6 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on RYN. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Monday, November 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a research note on Wednesday, November 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.33.

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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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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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