Virtu Financial LLC Acquires Shares of 6,909 Rayonier Inc. (RYN)

Virtu Financial LLC acquired a new position in shares of Rayonier Inc. (NYSE:RYN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,909 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Rayonier during the 4th quarter valued at $52,001,000. Vanguard Group Inc lifted its position in Rayonier by 9.9% during the 3rd quarter. Vanguard Group Inc now owns 19,755,025 shares of the real estate investment trust’s stock worth $667,917,000 after acquiring an additional 1,773,986 shares during the last quarter. Vanguard Group Inc. lifted its position in Rayonier by 9.9% during the 3rd quarter. Vanguard Group Inc. now owns 19,755,025 shares of the real estate investment trust’s stock worth $667,917,000 after acquiring an additional 1,773,986 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Rayonier by 2,669.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,418,448 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,367,222 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Rayonier by 135.0% during the 4th quarter. Deutsche Bank AG now owns 561,375 shares of the real estate investment trust’s stock worth $15,543,000 after acquiring an additional 322,457 shares during the last quarter. Hedge funds and other institutional investors own 86.80% of the company’s stock.

Rayonier stock opened at $31.94 on Monday. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 12.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.27 and a quick ratio of 3.02. Rayonier Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $39.73.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Rayonier had a return on equity of 6.01% and a net margin of 12.52%. The firm had revenue of $166.10 million for the quarter, compared to analyst estimates of $157.34 million. During the same period in the prior year, the firm earned $0.02 EPS. The firm’s revenue was down 10.8% on a year-over-year basis. Equities analysts forecast that Rayonier Inc. will post 0.52 earnings per share for the current fiscal year.

A number of research analysts have weighed in on RYN shares. Zacks Investment Research lowered shares of Rayonier from a “hold” rating to a “sell” rating in a research report on Monday, March 18th. TheStreet raised shares of Rayonier from a “c+” rating to a “b-” rating in a research report on Tuesday, April 16th. ValuEngine lowered shares of Rayonier from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Seaport Global Securities started coverage on shares of Rayonier in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $31.74 target price for the company. Finally, BMO Capital Markets raised shares of Rayonier from an “underperform” rating to a “market perform” rating and set a $28.98 target price for the company in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.91.

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About Rayonier

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

Further Reading: Asset Allocation

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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