Rayonier Inc. (RYN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of Rayonier Inc. (NYSE:RYN) by 53.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,338 shares of the real estate investment trust’s stock after selling 20,684 shares during the period. SG Americas Securities LLC’s holdings in Rayonier were worth $530,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its stake in Rayonier by 0.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 29,895 shares of the real estate investment trust’s stock worth $860,000 after acquiring an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rayonier by 7.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,772 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 351 shares during the period. Aperio Group LLC raised its stake in Rayonier by 1.5% during the second quarter. Aperio Group LLC now owns 29,965 shares of the real estate investment trust’s stock worth $862,000 after acquiring an additional 437 shares during the period. Afam Capital Inc. raised its stake in Rayonier by 1.7% during the second quarter. Afam Capital Inc. now owns 32,216 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 549 shares during the period. Finally, World Asset Management Inc raised its stake in Rayonier by 8.5% during the second quarter. World Asset Management Inc now owns 8,200 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 641 shares during the period. 83.39% of the stock is currently owned by institutional investors and hedge funds.

RYN has been the topic of several research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 price objective on shares of Rayonier in a research note on Wednesday, November 15th. Zacks Investment Research lowered shares of Rayonier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $31.00 price objective on shares of Rayonier in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Rayonier presently has a consensus rating of “Buy” and a consensus target price of $31.25.

Shares of Rayonier Inc. (NYSE RYN) remained flat at $$31.21 during trading hours on Monday. 326,600 shares of the company traded hands, compared to its average volume of 538,293. Rayonier Inc. has a 12-month low of $26.15 and a 12-month high of $31.79. The company has a market cap of $4,023.96, a price-to-earnings ratio of 63.69, a price-to-earnings-growth ratio of 11.61 and a beta of 0.39. The company has a quick ratio of 1.45, a current ratio of 1.74 and a debt-to-equity ratio of 0.62.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The company had revenue of $177.90 million for the quarter, compared to analyst estimates of $144.06 million. During the same quarter last year, the business earned $0.33 earnings per share. Rayonier’s revenue was up 3.8% compared to the same quarter last year. analysts anticipate that Rayonier Inc. will post 0.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. Rayonier’s payout ratio is currently 95.24%.

COPYRIGHT VIOLATION WARNING: This article was posted by Week Herald and is the sole property of of Week Herald. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://weekherald.com/2017/12/11/rayonier-inc-ryn-shares-sold-by-sg-americas-securities-llc.html.

Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

Receive News & Ratings for Rayonier Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply