Rayonier (RYN) : Interactive Financial Advisors added new position in Rayonier during the most recent quarter end. The investment management firm now holds 1,891 shares of Rayonier which is valued at $50,528 , the company said in a statement filed on Jul 14, 2016 with the SEC.Rayonier makes up approximately 0.03% of Interactive Financial Advisors’s portfolio.
Other Hedge Funds, Including , Hartford Financial Management boosted its stake in RYN in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 9,950 shares of Rayonier which is valued at $266,461. Rayonier makes up approx 0.16% of Hartford Financial Management’s portfolio.Capstone Asset Management Co reduced its stake in RYN by selling 1,275 shares or 11.15% in the most recent quarter. The Hedge Fund company now holds 10,158 shares of RYN which is valued at $272,031. Rayonier makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Davenport Co sold out all of its stake in RYN during the most recent quarter. The investment firm sold 12,047 shares of RYN which is valued $322,619.Creative Planning reduced its stake in RYN by selling 40 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 3,902 shares of RYN which is valued at $104,496.Next Financial Group Inc reduced its stake in RYN by selling 175 shares or 36.84% in the most recent quarter. The Hedge Fund company now holds 300 shares of RYN which is valued at $7,878.
Rayonier closed down -0.06 points or -0.22% at $26.72 with 1,88,933 shares getting traded on Monday. Post opening the session at $26.8, the shares hit an intraday low of $26.71 and an intraday high of $26.896 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
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 Companys Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Companys Real Estate segments holdings are primarily in the southeastern United States. The Companys Trading segment consists of log trading activities in New Zealand and Australia.