Nomura Asset Management Co. Ltd. Sells 1,800 Shares of Rayonier Inc. (RYN)

Nomura Asset Management Co. Ltd. decreased its position in Rayonier Inc. (NYSE:RYN) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,300 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Rayonier were worth $731,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RYN. Great West Life Assurance Co. Can grew its stake in shares of Rayonier by 8.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 76,292 shares of the real estate investment trust’s stock valued at $2,194,000 after purchasing an additional 5,760 shares during the period. Sei Investments Co. grew its stake in shares of Rayonier by 126.1% in the 2nd quarter. Sei Investments Co. now owns 54,678 shares of the real estate investment trust’s stock valued at $1,573,000 after purchasing an additional 30,497 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Rayonier by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 802,491 shares of the real estate investment trust’s stock valued at $23,088,000 after purchasing an additional 51,080 shares during the period. Arizona State Retirement System grew its stake in shares of Rayonier by 6.3% in the 2nd quarter. Arizona State Retirement System now owns 54,300 shares of the real estate investment trust’s stock valued at $1,562,000 after purchasing an additional 3,200 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Rayonier by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 257,079 shares of the real estate investment trust’s stock valued at $7,396,000 after purchasing an additional 3,505 shares during the period. 83.39% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research note on Friday, September 29th. Royal Bank of Canada reiterated a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a research note on Sunday, October 8th. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Monday, August 21st. Finally, BidaskClub upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $31.25.

Shares of Rayonier Inc. (NYSE RYN) opened at $31.43 on Monday. The company has a market capitalization of $4,053.62, a P/E ratio of 64.16, a P/E/G ratio of 11.70 and a beta of 0.39. Rayonier Inc. has a 12-month low of $26.15 and a 12-month high of $31.79. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.18%. Rayonier’s dividend payout ratio (DPR) is presently 95.24%.

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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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