Bank of Montreal Can Sells 1,979 Shares of Rayonier Inc. (RYN)

Bank of Montreal Can trimmed its stake in Rayonier Inc. (NYSE:RYN) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 100,214 shares of the real estate investment trust’s stock after selling 1,979 shares during the period. Bank of Montreal Can’s holdings in Rayonier were worth $3,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. increased its holdings in Rayonier by 22.0% in the second quarter. Advisor Group Inc. now owns 3,566 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 642 shares during the period. Timber Hill LLC acquired a new stake in Rayonier in the third quarter valued at $246,000. Crossmark Global Holdings Inc. acquired a new stake in Rayonier in the third quarter valued at $266,000. Shelton Capital Management acquired a new stake in Rayonier in the second quarter valued at $272,000. Finally, Stelac Advisory Services LLC increased its holdings in Rayonier by 32.1% in the third quarter. Stelac Advisory Services LLC now owns 13,447 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 3,267 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Shares of Rayonier Inc. (NYSE:RYN) opened at $31.40 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62. The company has a market cap of $4,021.38, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 11.50 and a beta of 0.38. Rayonier Inc. has a 1 year low of $26.84 and a 1 year high of $33.65.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.11. The business had revenue of $186.30 million for the quarter, compared to analysts’ expectations of $165.73 million. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. equities research analysts expect that Rayonier Inc. will post 0.54 EPS for the current fiscal year.

A number of research firms recently weighed in on RYN. Royal Bank of Canada restated a “hold” rating and issued a $30.00 price objective on shares of Rayonier in a report on Friday, January 12th. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $31.00 price target on shares of Rayonier in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Rayonier has a consensus rating of “Buy” and an average target price of $31.50.

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About Rayonier

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.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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