November 29, 2016 - By Ruchi Gupta · 0 Comments
Rayonier Inc (NYSE:RYN) institutional sentiment decreased to 1.01 in 2016 Q2. Its down -0.07, from 1.08 in 2016Q1. The ratio dropped, as 108 hedge funds increased and opened new equity positions, while 100 reduced and sold equity positions in Rayonier Inc. The hedge funds in our partner’s database now hold: 102.88 million shares, down from 103.48 million shares in 2016Q1. Also, the number of hedge funds holding Rayonier Inc in their top 10 equity positions increased from 5 to 6 for an increase of 1. Sold All: 27 Reduced: 73 Increased: 85 New Position: 23.
Rayonier Inc. is a timberland real estate investment trust with assets located in timber growing regions in the United States and New Zealand. The company has a market cap of $3.35 billion. The Firm operates through five divisions: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. It has a 19.29 P/E ratio. The Company’s Southern Timber, Pacific Northwest Timber and New Zealand Timber divisions reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.
About 49,502 shares traded hands. Rayonier Inc. (NYSE:RYN) has risen 8.24% since April 26, 2016 and is uptrending. It has outperformed by 2.98% the S&P500.
Analysts await Rayonier Inc. (NYSE:RYN) to report earnings on February, 8. They expect $0.04 earnings per share, down 55.56% or $0.05 from last year’s $0.09 per share. RYN’s profit will be $4.91M for 170.69 P/E if the $0.04 EPS becomes a reality. After $0.33 actual earnings per share reported by Rayonier Inc. for the previous quarter, Wall Street now forecasts -87.88% negative EPS growth.
According to Zacks Investment Research, “Rayonier is a timberland real estate investment trust with assets located in some of the most productive timber growing regions in the U.S. and New Zealand. Rayonier owns, leases or manages acres of timberlands located in the U.S. South, U.S. Pacific Northwest and New Zealand.”
Real Estate Management Services Llc holds 4.84% of its portfolio in Rayonier Inc. for 1.06 million shares. Third Avenue Management Llc owns 3.88 million shares or 4.53% of their US portfolio. Moreover, Central Securities Corp has 4.27% invested in the company for 700,000 shares. The Wisconsin-based Capital Innovations Llc has invested 3.59% in the stock. Southeast Asset Advisors Inc., a Georgia-based fund reported 328,476 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 2 sales for $213,765 net activity.
Ratings analysis reveals 25% of Rayonier’s analysts are positive. Out of 4 Wall Street analysts rating Rayonier, 1 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $22 while the high is $30. The stock’s average target of $26 is -4.80% below today’s ($27.31) share price. RYN was included in 9 notes of analysts from August 6, 2015. The firm has “Sell” rating given on Thursday, August 20 by Zacks. Buckingham Research downgraded Rayonier Inc. (NYSE:RYN) on Wednesday, September 7 to “Neutral” rating. On Thursday, August 6 the stock rating was upgraded by Buckingham Research to “Buy”. RBC Capital Markets maintained it with “Sector Perform” rating and $25 target price in Friday, August 7 report. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Zacks on Tuesday, September 22 to “Sell”.
Rayonier Inc. (Rayonier), incorporated on December 3, 1993, is a timberland real estate investment trust (REIT) with assets located in some of the timber growing regions in the United States and New Zealand. The Firm operates through five divisions: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Company’s Southern Timber, Pacific Northwest Timber and New Zealand Timber divisions reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography. The Company’s New Zealand Timber segment reflects land sales that occur within its New Zealand portfolio. The Company’s Real Estate segment reflects the United States land sales. The Company’s Trading segment reflects the log trading activities that support its New Zealand operations. The Firm owns, leases and manages approximately 2.7 million acres of timberlands located in the United States South (over 1.9 million acres), the United States Pacific Northwest (over 372,000 acres) and New Zealand (over 439,000 gross acres). In addition, the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets, primarily to support its New Zealand export operations.
More news for Rayonier Inc. (NYSE:RYN) were recently published by: Bizjournals.com, which released: “Rayonier Inc. is about to build a massive new office” on April 15, 2016. Bizjournals.com‘s article titled: “Rayonier Inc. releases rendering of new headquarters in Nassau County” and published on May 10, 2016 is yet another important article.
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By Ruchi Gupta