Rayonier Inc. (RYN) Position Held by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC held its stake in Rayonier Inc. (NYSE:RYN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,425 shares of the real estate investment trust’s stock at the end of the second quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Rayonier were worth $415,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisor Group Inc. boosted its position in Rayonier by 22.0% during the second quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 642 shares during the period. Riverhead Capital Management LLC boosted its position in Rayonier by 88.0% during the second quarter. Riverhead Capital Management LLC now owns 4,324 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 2,024 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 351 shares during the period. Enterprise Financial Services Corp bought a new position in Rayonier during the second quarter worth about $144,000. Finally, Creative Planning boosted its position in Rayonier by 36.2% during the second quarter. Creative Planning now owns 5,326 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 1,417 shares during the period. Hedge funds and other institutional investors own 82.40% of the company’s stock.

Shares of Rayonier Inc. (RYN) traded up 0.373% during trading on Wednesday, reaching $29.369. 121,421 shares of the company’s stock were exchanged. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 24.680 and a beta of 0.34. Rayonier Inc. has a 12 month low of $25.33 and a 12 month high of $29.86. The stock has a 50-day moving average price of $28.68 and a 200 day moving average price of $28.55.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.09. Rayonier had a net margin of 19.10% and a return on equity of 5.03%. The firm had revenue of $194.70 million during the quarter, compared to analyst estimates of $151.50 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 47.4% compared to the same quarter last year. On average, analysts forecast that Rayonier Inc. will post $0.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, September 14th. Rayonier’s dividend payout ratio is 84.75%.

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A number of equities analysts have weighed in on RYN shares. BMO Capital Markets reiterated a “hold” rating and set a $31.00 target price on shares of Rayonier in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $29.00 target price on shares of Rayonier in a research report on Sunday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rayonier presently has a consensus rating of “Hold” and an average price target of $30.25.

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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