State of Alaska Department of Revenue decreased its position in Rayonier Inc. (NYSE:RYN – Get Rating) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,371 shares of the real estate investment trust's stock after selling 1,280 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Rayonier worth $3,451,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Rayonier by 1.5% during the first quarter. Vanguard Group Inc. now owns 20,773,615 shares of the real estate investment trust's stock worth $854,211,000 after acquiring an additional 302,477 shares during the period. BlackRock Inc. increased its position in Rayonier by 0.7% during the first quarter. BlackRock Inc. now owns 13,769,910 shares of the real estate investment trust's stock worth $566,221,000 after acquiring an additional 89,742 shares during the period. Massachusetts Financial Services Co. MA increased its position in Rayonier by 5.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,632,041 shares of the real estate investment trust's stock worth $354,950,000 after acquiring an additional 413,374 shares during the period. Impax Asset Management Group plc increased its position in Rayonier by 1.2% during the fourth quarter. Impax Asset Management Group plc now owns 7,622,850 shares of the real estate investment trust's stock worth $306,570,000 after acquiring an additional 93,972 shares during the period. Finally, Norges Bank bought a new position in Rayonier during the fourth quarter worth $182,384,000. Institutional investors own 87.15% of the company's stock.
Get Rayonier alerts:Rayonier Trading Down 1.0 %
Shares of RYN stock opened at $31.74 on Thursday. Rayonier Inc. has a 1 year low of $31.74 and a 1 year high of $45.87. The firm's fifty day simple moving average is $36.04 and its 200 day simple moving average is $38.83. The firm has a market capitalization of $4.64 billion, a P/E ratio of 33.41 and a beta of 0.82. The company has a current ratio of 3.41, a quick ratio of 3.18 and a debt-to-equity ratio of 0.69.
Rayonier (NYSE:RYN – Get Rating) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Rayonier had a net margin of 12.59% and a return on equity of 5.78%. During the same quarter last year, the company earned $0.22 EPS. As a group, sell-side analysts predict that Rayonier Inc. will post 0.61 EPS for the current year.Rayonier Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.14 dividend on an annualized basis and a yield of 3.59%. Rayonier's dividend payout ratio is currently 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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