Rayonier Inc. (RYN) Position Boosted by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. increased its stake in Rayonier Inc. (NYSE:RYN) by 25.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,205,523 shares of the real estate investment trust’s stock after acquiring an additional 451,033 shares during the quarter. Pictet Asset Management Ltd. owned about 1.72% of Rayonier worth $63,717,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Rayonier by 5.7% in 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. BlackRock Inc. lifted its stake in shares of Rayonier by 13,910.0% in the first quarter. BlackRock Inc. now owns 11,317,685 shares of the real estate investment trust’s stock worth $320,744,000 after acquiring an additional 11,236,902 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Rayonier by 8.7% in the second quarter. Principal Financial Group Inc. now owns 546,619 shares of the real estate investment trust’s stock worth $15,726,000 after acquiring an additional 43,842 shares during the period. Vanguard Group Inc. lifted its stake in shares of Rayonier by 5.5% in the second quarter. Vanguard Group Inc. now owns 10,611,621 shares of the real estate investment trust’s stock worth $305,296,000 after acquiring an additional 551,924 shares during the period. Finally, Federated Investors Inc. PA lifted its stake in shares of Rayonier by 33.8% in the second quarter. Federated Investors Inc. PA now owns 125,809 shares of the real estate investment trust’s stock worth $3,619,000 after acquiring an additional 31,782 shares during the period. 82.48% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the company. Zacks Investment Research lowered Rayonier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a research note on Sunday, October 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research note on Friday, September 29th. Finally, BidaskClub raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.25.

Rayonier Inc. (RYN) opened at 29.98 on Wednesday. The company has a 50 day moving average price of $29.14 and a 200-day moving average price of $28.68. Rayonier Inc. has a 1-year low of $25.85 and a 1-year high of $30.18. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 25.26 and a beta of 0.34.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, December 14th. Rayonier’s dividend payout ratio (DPR) is currently 84.75%.

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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.

Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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