Rayonier Inc. (RYN) Position Increased by Capital One National Association

Capital One National Association increased its stake in Rayonier Inc. (NYSE:RYN) by 32.5% in the fourth quarter, HoldingsChannel reports. The firm owned 21,403 shares of the real estate investment trust’s stock after purchasing an additional 5,245 shares during the period. Capital One National Association’s holdings in Rayonier were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in Rayonier by 1.9% in 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 boosted its stake in Rayonier by 1.2% in 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 boosted its stake in Rayonier by 53.4% in 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. Gamble Jones Investment Counsel acquired a new stake in Rayonier in the 4th quarter worth approximately $237,000. Finally, American Century Companies Inc. boosted its stake in Rayonier by 14.6% in the 4th quarter. American Century Companies Inc. now owns 769,986 shares of the real estate investment trust’s stock worth $24,355,000 after purchasing an additional 97,897 shares in the last quarter. Institutional investors own 83.60% of the company’s stock.

Shares of Rayonier Inc. (RYN) opened at $33.97 on Thursday. 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 Inc. has a 12 month low of $26.84 and a 12 month high of $33.97. The company has a market cap of $4,252.17, a P/E ratio of 51.53, a price-to-earnings-growth ratio of 10.95 and a beta of 0.42.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, beating 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 business had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $165.73 million. During the same period in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. equities research analysts predict that Rayonier Inc. will post 0.6 earnings per share for the current year.

RYN has been the subject of several research reports. Royal Bank of Canada restated a “hold” rating and set a $30.00 price objective on shares of Rayonier in a research note on Friday, January 12th. BMO Capital Markets restated a “hold” rating and set a $31.00 price objective on shares of Rayonier in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.33.

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Rayonier 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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