Fieldview Capital Management LLC Invests $1.94 Million in Rayonier Inc. $RYN

Fieldview Capital Management LLC acquired a new position in shares of Rayonier Inc. (NYSE:RYN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 89,419 shares of the real estate investment trust’s stock, valued at approximately $1,936,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RYN. Royal Bank of Canada increased its holdings in shares of Rayonier by 29.6% during the 1st quarter. Royal Bank of Canada now owns 159,116 shares of the real estate investment trust’s stock worth $4,436,000 after purchasing an additional 36,344 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Rayonier in the 1st quarter valued at $501,000. United Services Automobile Association bought a new stake in Rayonier in the 1st quarter valued at $250,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Rayonier by 30.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 554,628 shares of the real estate investment trust’s stock valued at $15,463,000 after buying an additional 130,985 shares during the period. Finally, Invesco Ltd. increased its holdings in Rayonier by 16.9% in the 2nd quarter. Invesco Ltd. now owns 863,707 shares of the real estate investment trust’s stock valued at $19,157,000 after buying an additional 124,574 shares during the period. Institutional investors own 89.12% of the company’s stock.

Insider Buying and Selling at Rayonier

In other Rayonier news, CFO Wayne Wasechek sold 2,920 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $21.17, for a total value of $61,816.40. Following the completion of the transaction, the chief financial officer directly owned 115,530 shares of the company’s stock, valued at approximately $2,445,770.10. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

RYN has been the topic of several recent research reports. Weiss Ratings lowered shares of Rayonier from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Citigroup decreased their target price on shares of Rayonier from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. BMO Capital Markets decreased their target price on shares of Rayonier from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada set a $24.00 target price on shares of Rayonier in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Rayonier presently has an average rating of “Hold” and an average target price of $24.80.

Rayonier Trading Up 4.8%

Shares of NYSE RYN opened at $21.86 on Friday. Rayonier Inc. has a 1-year low of $19.49 and a 1-year high of $27.33. The company has a market cap of $6.57 billion, a PE ratio of 7.24 and a beta of 0.88. The company has a current ratio of 2.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $20.86 and a two-hundred day moving average of $21.60.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Rayonier had a net margin of 68.61% and a return on equity of 3.61%. The company had revenue of $276.79 million during the quarter, compared to the consensus estimate of $280.92 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company’s revenue was up 233.9% on a year-over-year basis. As a group, equities analysts expect that Rayonier Inc. will post 0.36 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.8%. Rayonier’s payout ratio is currently 34.44%.

Rayonier Company Profile

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.