Rayonier Inc. (NYSE:RYN) Stake Decreased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its stake in Rayonier Inc. (NYSE:RYN) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,686 shares of the real estate investment trust’s stock after selling 3,430 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Rayonier were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in RYN. Fuller & Thaler Asset Management Inc. grew its position in shares of Rayonier by 0.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,727,707 shares of the real estate investment trust’s stock worth $136,583,000 after buying an additional 41,077 shares during the last quarter. State Street Corp boosted its position in shares of Rayonier by 5.7% during the second quarter. State Street Corp now owns 3,451,153 shares of the real estate investment trust’s stock valued at $99,289,000 after purchasing an additional 186,679 shares in the last quarter. Confluence Investment Management LLC boosted its position in shares of Rayonier by 2.7% during the fourth quarter. Confluence Investment Management LLC now owns 3,029,777 shares of the real estate investment trust’s stock valued at $95,832,000 after purchasing an additional 80,466 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Rayonier by 25.7% during the third quarter. Pictet Asset Management Ltd. now owns 2,205,523 shares of the real estate investment trust’s stock valued at $63,717,000 after purchasing an additional 451,033 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Rayonier by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,618,856 shares of the real estate investment trust’s stock valued at $46,769,000 after purchasing an additional 46,586 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors and hedge funds.

Rayonier Inc. (NYSE RYN) traded up $0.23 during trading on Thursday, reaching $34.20. The company’s stock had a trading volume of 263,173 shares, compared to its average volume of 756,666. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.60. Rayonier Inc. has a twelve month low of $26.84 and a twelve month high of $34.34. The company has a market capitalization of $4,400.00, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 10.95 and a beta of 0.43.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. Rayonier had a return on equity of 4.96% and a net margin of 18.64%. The business had revenue of $186.30 million for the quarter, compared to the consensus estimate of $165.73 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. equities analysts expect that Rayonier Inc. will post 0.6 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Zacks Investment Research downgraded Rayonier from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reissued a “hold” rating and issued a $30.00 target price on shares of Rayonier in a report on Friday, January 12th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $31.00 target price on shares of Rayonier in a report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.33.

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Rayonier 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)

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