Rayonier Inc. (RYN) Position Raised by Stelac Advisory Services LLC

Stelac Advisory Services LLC increased its holdings in shares of Rayonier Inc. (NYSE:RYN) by 35.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,022 shares of the real estate investment trust’s stock after purchasing an additional 2,863 shares during the quarter. Stelac Advisory Services LLC’s holdings in Rayonier were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Rayonier during the first quarter worth approximately $138,000. Dimensional Fund Advisors LP purchased a new stake in Rayonier in the first quarter valued at approximately $217,000. BlackRock Inc. lifted its stake in Rayonier by 2.9% in the first quarter. BlackRock Inc. now owns 13,014,231 shares of the real estate investment trust’s stock valued at $457,841,000 after buying an additional 364,500 shares during the last quarter. Glen Harbor Capital Management LLC lifted its stake in Rayonier by 100.9% in the first quarter. Glen Harbor Capital Management LLC now owns 39,406 shares of the real estate investment trust’s stock valued at $1,386,000 after buying an additional 19,788 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Rayonier by 52.9% in the first quarter. Northern Trust Corp now owns 2,161,877 shares of the real estate investment trust’s stock valued at $76,055,000 after buying an additional 748,243 shares during the last quarter. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Rayonier opened at $38.29 on Monday, MarketBeat.com reports. Rayonier Inc. has a 12 month low of $27.71 and a 12 month high of $39.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.00 and a quick ratio of 2.69. The company has a market cap of $4.95 billion, a PE ratio of 58.91, a P/E/G ratio of 10.79 and a beta of 0.27.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.15. Rayonier had a return on equity of 6.92% and a net margin of 19.08%. The business had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $180.82 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts anticipate that Rayonier Inc. will post 0.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Thursday, June 14th. This is a boost from Rayonier’s previous quarterly dividend of $0.25. Rayonier’s dividend payout ratio is 153.85%.

A number of brokerages have weighed in on RYN. Raymond James set a $40.00 price objective on Rayonier and gave the company a “buy” rating in a research note on Tuesday, May 8th. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, March 13th. ValuEngine upgraded Rayonier from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Citigroup began coverage on Rayonier in a research note on Thursday, March 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.40.

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, 2017, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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