Carnick & Kubik Group LLC acquired a new position in shares of Rayonier Inc. (NYSE:RYN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 39,800 shares of the real estate investment trust’s stock, valued at approximately $1,258,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital One National Association grew its position in Rayonier by 32.5% during the 4th quarter. Capital One National Association now owns 21,403 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 5,245 shares in the last quarter. Swiss National Bank grew its position in Rayonier by 1.9% during the 4th quarter. Swiss National Bank now owns 219,600 shares of the real estate investment trust’s stock worth $6,946,000 after purchasing an additional 4,100 shares in the last quarter. California Public Employees Retirement System grew its position in Rayonier by 1.2% during the 4th quarter. California Public Employees Retirement System now owns 443,626 shares of the real estate investment trust’s stock worth $14,032,000 after purchasing an additional 5,046 shares in the last quarter. Teacher Retirement System of Texas grew its position in Rayonier by 53.4% during the 4th quarter. Teacher Retirement System of Texas now owns 96,446 shares of the real estate investment trust’s stock worth $3,051,000 after purchasing an additional 33,559 shares in the last quarter. Finally, Gamble Jones Investment Counsel purchased a new position in Rayonier during the 4th quarter worth approximately $237,000. Hedge funds and other institutional investors own 83.60% of the company’s stock.

A number of equities research analysts have issued reports on RYN shares. BMO Capital Markets reissued a “hold” rating and set a $31.00 target price on shares of Rayonier in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday. Finally, Royal Bank of Canada reissued a “hold” rating and set a $29.00 target price on shares of Rayonier in a research note on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $32.33.

Shares of Rayonier Inc. (NYSE:RYN) opened at $33.97 on Thursday. The stock has a market cap of $4,252.17, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 10.95 and a beta of 0.42. Rayonier Inc. has a 52 week low of $26.84 and a 52 week high of $33.97. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.45 and a current ratio of 2.68.

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

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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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