Rayonier Inc. (RYN) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Rayonier Inc. (NYSE:RYN) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,611,621 shares of the real estate investment trust’s stock after buying an additional 551,924 shares during the quarter. Vanguard Group Inc. owned approximately 8.25% of Rayonier worth $305,296,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings in Rayonier by 88.0% in the second quarter. Riverhead Capital Management LLC now owns 4,324 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 2,024 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Rayonier by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,772 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 351 shares during the last quarter. Enterprise Financial Services Corp bought a new stake in Rayonier in the second quarter valued at about $144,000. Creative Planning increased its holdings in Rayonier by 36.2% in the second quarter. Creative Planning now owns 5,326 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 1,417 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. bought a new stake in Rayonier in the second quarter valued at about $157,000. 82.40% of the stock is owned by hedge funds and other institutional investors.

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Several analysts recently weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a report on Sunday. BMO Capital Markets reissued a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a report on Friday, September 29th. BidaskClub raised Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research raised Rayonier from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, August 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.25.

Rayonier Inc. (NYSE RYN) opened at 29.04 on Tuesday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 24.47 and a beta of 0.34. Rayonier Inc. has a 12-month low of $25.33 and a 12-month high of $29.86. The stock’s 50 day moving average price is $28.64 and its 200 day moving average price is $28.54.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $194.70 million during the quarter, compared to analysts’ expectations of $151.50 million. Rayonier had a net margin of 19.10% and a return on equity of 5.03%. The company’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate that Rayonier Inc. will post $0.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were pa

Other institutional investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings in Rayonier by 88.0% in the second quarter. Riverhead Capital Management LLC now owns 4,324 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 2,024 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Rayonier by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,772 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 351 shares during the last quarter. Enterprise Financial Services Corp bought a new stake in Rayonier in the second quarter valued at about $144,000. Creative Planning increased its holdings in Rayonier by 36.2% in the second quarter. Creative Planning now owns 5,326 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 1,417 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. bought a new stake in Rayonier in the second quarter valued at about $157,000. 82.40% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Rayonier Inc. (RYN) Shares Bought by Vanguard Group Inc.” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://ledgergazette.com/2017/10/10/rayonier-inc-ryn-shares-bought-by-vanguard-group-inc.html.

Several analysts recently weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a report on Sunday. BMO Capital Markets reissued a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a report on Friday, September 29th. BidaskClub raised Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Zacks Investment Research raised Rayonier from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, August 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $30.25.

Rayonier Inc. (NYSE RYN) opened at 29.04 on Tuesday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 24.47 and a beta of 0.34. Rayonier Inc. has a 12-month low of $25.33 and a 12-month high of $29.86. The stock’s 50 day moving average price is $28.64 and its 200 day moving average price is $28.54.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $194.70 million during the quarter, compared to analysts’ expectations of $151.50 million. Rayonier had a net margin of 19.10% and a return on equity of 5.03%. The company’s revenue for the quarter was up 47.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate that Rayonier Inc. will post $0.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Thursday, September 14th. Rayonier’s dividend payout ratio is 84.75%.

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.

Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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