Advisory Services Network LLC Grows Position in Rayonier Inc. (RYN)

Advisory Services Network LLC increased its holdings in shares of Rayonier Inc. (NYSE:RYN) by 484.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,634 shares of the real estate investment trust’s stock after buying an additional 17,101 shares during the period. Advisory Services Network LLC’s holdings in Rayonier were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RYN. Pictet Asset Management Ltd. raised its stake in Rayonier by 25.7% during the third quarter. Pictet Asset Management Ltd. now owns 2,205,523 shares of the real estate investment trust’s stock worth $63,717,000 after acquiring an additional 451,033 shares during the period. Prudential Financial Inc. raised its stake in Rayonier by 54.4% during the third quarter. Prudential Financial Inc. now owns 846,146 shares of the real estate investment trust’s stock worth $24,445,000 after acquiring an additional 298,040 shares during the period. Wells Fargo & Company MN raised its stake in Rayonier by 35.6% during the third quarter. Wells Fargo & Company MN now owns 1,060,137 shares of the real estate investment trust’s stock worth $30,627,000 after acquiring an additional 278,516 shares during the period. Impax Asset Management LTD raised its stake in Rayonier by 20.7% during the third quarter. Impax Asset Management LTD now owns 1,128,605 shares of the real estate investment trust’s stock worth $32,605,000 after acquiring an additional 193,610 shares during the period. Finally, State Street Corp raised its stake in Rayonier by 5.7% during the second quarter. State Street Corp now owns 3,451,153 shares of the real estate investment trust’s stock worth $99,289,000 after acquiring an additional 186,679 shares during the period. Hedge funds and other institutional investors own 83.60% of the company’s stock.

Rayonier Inc. (NYSE RYN) opened at $34.43 on Monday. Rayonier Inc. has a 1 year low of $26.84 and a 1 year high of $34.82. 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 company has a market cap of $4,440.00, a PE ratio of 29.68, a price-to-earnings-growth ratio of 11.43 and a beta of 0.43.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the 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 firm had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $165.73 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Rayonier’s quarterly revenue was up 22.9% on a year-over-year basis. sell-side analysts forecast that Rayonier Inc. will post 0.65 earnings per share for the current year.

Several equities research analysts recently weighed in on RYN shares. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, February 13th. BMO Capital Markets reiterated a “hold” rating and set a $31.00 price objective on shares of Rayonier in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $30.00 price objective on shares of Rayonier in a research note on Friday, January 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently 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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