Rayonier (RYN) : Interactive Financial Advisors scooped up 701 additional shares in Rayonier during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 2,592 shares of Rayonier which is valued at $65,992.Rayonier makes up approximately 0.03% of Interactive Financial Advisors’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. added RYN to its portfolio by purchasing 16,800 company shares during the most recent quarter which is valued at $427,728. Rayonier makes up approx 0.26% of Fox Run Management L.l.c.’s portfolio. Cutler Group Lp added RYN to its portfolio by purchasing 237 company shares during the most recent quarter which is valued at $6,105.Oregon Public Employees Retirement Fund boosted its stake in RYN in the latest quarter, The investment management firm added 844 additional shares and now holds a total of 43,181 shares of Rayonier which is valued at $1,112,343. Rayonier makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RYN by selling 35,646 shares or 58.97% in the most recent quarter. The Hedge Fund company now holds 24,805 shares of RYN which is valued at $635,008.
Rayonier closed down -0.3 points or -1.16% at $25.46 with 1,99,854 shares getting traded on Tuesday. Post opening the session at $25.59, the shares hit an intraday low of $25.33 and an intraday high of $25.73 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Rayonier reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $132.10 million for the quarter, compared to analysts expectations of $116.99 million. The company’s revenue was up 14.1% compared to the same quarter last year.
Many Wall Street Analysts have commented on Rayonier. Rayonier was Downgraded by Buckingham Research to ” Neutral” on Sep 7, 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 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.