Fuller & Thaler Asset Management Inc. lessened its holdings in Rayonier Inc. (NYSE:RYN – Get Rating) by 14.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,912,561 shares of the real estate investment trust's stock after selling 322,187 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Rayonier were worth $78,645,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in Rayonier by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 93,651 shares of the real estate investment trust's stock valued at $3,849,000 after purchasing an additional 235 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Rayonier by 0.7% during the first quarter. Commonwealth Equity Services LLC now owns 38,973 shares of the real estate investment trust's stock valued at $1,602,000 after purchasing an additional 257 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Rayonier by 1.7% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 24,144 shares of the real estate investment trust's stock valued at $993,000 after buying an additional 414 shares during the last quarter. Bollard Group LLC grew its stake in shares of Rayonier by 0.6% during the first quarter. Bollard Group LLC now owns 75,523 shares of the real estate investment trust's stock valued at $3,105,000 after buying an additional 487 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of Rayonier by 1.7% during the first quarter. Truist Financial Corp now owns 30,358 shares of the real estate investment trust's stock valued at $1,249,000 after buying an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 87.15% of the company's stock.
Get Rayonier alerts:Rayonier Price Performance
Shares of NYSE:RYN opened at $34.99 on Friday. Rayonier Inc. has a 1-year low of $34.07 and a 1-year high of $45.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.41 and a quick ratio of 3.18. The business has a fifty day moving average price of $36.62 and a 200-day moving average price of $39.15. The company has a market capitalization of $5.12 billion, a PE ratio of 36.83 and a beta of 0.82.
Rayonier (NYSE:RYN – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Rayonier had a return on equity of 5.78% and a net margin of 12.59%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. As a group, equities analysts expect that Rayonier Inc. will post 0.64 EPS for the current fiscal year.Rayonier Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.14 annualized dividend and a dividend yield of 3.26%. Rayonier's dividend payout ratio (DPR) is presently 120.00%.
Rayonier Company Profile
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Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.
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