Rayonier Inc. (RYN) Stake Held by Commerce Bank

Commerce Bank continued to hold its position in Rayonier Inc. (NYSE:RYN) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,365 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Commerce Bank’s holdings in Rayonier were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RYN. Russell Investments Group Ltd. boosted its holdings in Rayonier by 1,136.2% during the first quarter. Russell Investments Group Ltd. now owns 413,871 shares of the real estate investment trust’s stock valued at $11,728,000 after acquiring an additional 380,393 shares during the period. IFP Advisors Inc boosted its holdings in Rayonier by 1.8% during the first quarter. IFP Advisors Inc now owns 3,881 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 67 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Rayonier by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 43,781 shares of the real estate investment trust’s stock valued at $1,241,000 after acquiring an additional 600 shares during the period. Wells Fargo & Company MN boosted its holdings in Rayonier by 49.7% during the first quarter. Wells Fargo & Company MN now owns 204,407 shares of the real estate investment trust’s stock valued at $5,792,000 after acquiring an additional 67,873 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Rayonier by 2.1% during the first quarter. Great West Life Assurance Co. Can now owns 70,532 shares of the real estate investment trust’s stock valued at $1,998,000 after acquiring an additional 1,442 shares during the period. Institutional investors own 82.40% of the company’s stock.

WARNING: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://sportsperspectives.com/2017/09/12/rayonier-inc-ryn-stake-held-by-commerce-bank.html.

Shares of Rayonier Inc. (NYSE RYN) opened at 28.69 on Tuesday. The company has a 50 day moving average of $28.71 and a 200 day moving average of $28.53. The company has a market cap of $3.69 billion, a PE ratio of 24.17 and a beta of 0.35. Rayonier Inc. has a 1-year low of $25.24 and a 1-year high of $29.86.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, September 14th. Rayonier’s payout ratio is 84.75%.

RYN has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Vertical Research upgraded shares of Rayonier to a “buy” rating in a report on Sunday, May 28th. BMO Capital Markets cut shares of Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 target price on shares of Rayonier in a research note on Monday, July 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $30.00.

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.

Want to see what other hedge funds are holding RYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rayonier Inc. (NYSE:RYN).

Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

Receive News & Ratings for Rayonier Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply