Mosaic Financial Partners buys $4,696,387 stake in Rayonier (RYN)

Rayonier (RYN) : Mosaic Financial Partners scooped up 2,237 additional shares in Rayonier during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 171,401 shares of Rayonier which is valued at $4,696,387.Rayonier makes up approximately 2.80% of Mosaic Financial Partners’s portfolio.

Other Hedge Funds, Including , Central Trust Co reduced its stake in RYN by selling 4,660 shares or 23.49% in the most recent quarter. The Hedge Fund company now holds 15,175 shares of RYN which is valued at $415,795. Rayonier makes up approx 0.03% of Central Trust Co’s portfolio.

Rayonier closed down -0.02 points or -0.07% at $27.35 with 2,84,060 shares getting traded on Monday. Post opening the session at $27.47, the shares hit an intraday low of $27.34 and an intraday high of $27.632 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Rayonier reported $0.07 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.

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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