Confluence Investment Management buys $55,033,875 stake in Rayonier (RYN)

Rayonier (RYN) : Confluence Investment Management scooped up 185,498 additional shares in Rayonier during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 2,044,349 shares of Rayonier which is valued at $55,033,875.Rayonier makes up approximately 1.48% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in RYN by selling 199 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 158,062 shares of RYN which is valued at $4,255,029. Rayonier makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Financial Architects Inc boosted its stake in RYN in the latest quarter, The investment management firm added 768 additional shares and now holds a total of 1,518 shares of Rayonier which is valued at $40,865. Rayonier makes up approx 0.01% of Financial Architects Inc’s portfolio.Shinko Asset Management Ltd. boosted its stake in RYN in the latest quarter, The investment management firm added 2,367 additional shares and now holds a total of 3,429,792 shares of Rayonier which is valued at $93,015,959. Rayonier makes up approx 0.63% of Shinko Asset Management Ltd.’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in RYN in the latest quarter, The investment management firm added 42,125 additional shares and now holds a total of 60,451 shares of Rayonier which is valued at $1,587,443. Rayonier makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Rayonier opened for trading at $27.01 and hit $27.4324 on the upside on Friday, eventually ending the session at $27.22, with a gain of 0.22% or 0.06 points. The heightened volatility saw the trading volume jump to 2,38,272 shares. Company has a market cap of $3,343 M.

On the company’s financial health, Rayonier reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.08. The company had revenue of $134.80 million for the quarter, compared to analysts expectations of $129.08 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Investors should note that on Jul 22, 2016, Rayonier announced a cash dividend of $0.2500. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

Rayonier Inc. (Rayonier) is a timberland real estate investment trust (REIT). As of December 31 2014 the Company owned leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres) United States Pacific Northwest (372000 acres) and New Zealand (451000 gross acres or 309000 net plantable acres). In addition the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets primarily to support New Zealand export operations. The Company operates through five segments: Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate and Trading. The Company’s Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Company’s Real Estate segment’s holdings are primarily in the southeastern United States. The Company’s Trading segment consists of log trading activities in New Zealand and Australia.

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