Rayonier Inc. (RYN) Holdings Cut by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its position in Rayonier Inc. (NYSE:RYN) by 33.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,186 shares of the real estate investment trust’s stock after selling 7,024 shares during the period. Advisors Asset Management Inc.’s holdings in Rayonier were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Public Employees Retirement Association of Colorado grew its position in Rayonier by 0.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 29,895 shares of the real estate investment trust’s stock worth $860,000 after purchasing an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Rayonier by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,772 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 351 shares in the last quarter. Aperio Group LLC grew its position in Rayonier by 1.5% in the 2nd quarter. Aperio Group LLC now owns 29,965 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 437 shares in the last quarter. Afam Capital Inc. grew its position in Rayonier by 1.7% in the 2nd quarter. Afam Capital Inc. now owns 32,216 shares of the real estate investment trust’s stock worth $927,000 after purchasing an additional 549 shares in the last quarter. Finally, World Asset Management Inc grew its position in Rayonier by 8.5% in the 2nd quarter. World Asset Management Inc now owns 8,200 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 641 shares in the last quarter. 83.39% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Rayonier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “hold” rating and set a $29.00 target price on shares of Rayonier in a research report on Sunday, October 8th. Finally, BidaskClub raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Rayonier has a consensus rating of “Buy” and a consensus target price of $31.25.

Rayonier Inc. (NYSE:RYN) traded down $0.25 during trading on Wednesday, hitting $30.73. 396,400 shares of the stock were exchanged, compared to its average volume of 541,312. Rayonier Inc. has a 1 year low of $26.15 and a 1 year high of $31.79. The company has a market cap of $3,994.30, a P/E ratio of 63.22, a P/E/G ratio of 11.53 and a beta of 0.39. The company has a quick ratio of 1.45, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, December 14th. Rayonier’s dividend payout ratio is currently 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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