Rayonier Inc. (RYN) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in Rayonier Inc. (NYSE:RYN) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,157 shares of the real estate investment trust’s stock after selling 6,869 shares during the quarter. Voya Investment Management LLC’s holdings in Rayonier were worth $1,051,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in RYN. Dimensional Fund Advisors LP bought a new position in shares of Rayonier during the 1st quarter worth about $217,000. Quantbot Technologies LP acquired a new stake in shares of Rayonier in the 1st quarter worth about $138,000. Sei Investments Co. raised its holdings in shares of Rayonier by 29.9% in the 1st quarter. Sei Investments Co. now owns 72,677 shares of the real estate investment trust’s stock worth $2,556,000 after acquiring an additional 16,710 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Rayonier in the 1st quarter worth about $251,000. Finally, Koch Industries Inc. acquired a new stake in shares of Rayonier in the 1st quarter worth about $235,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

RYN opened at $31.32 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Rayonier Inc. has a fifty-two week low of $28.78 and a fifty-two week high of $39.73. The stock has a market capitalization of $4.38 billion, a P/E ratio of 48.18, a price-to-earnings-growth ratio of 9.85 and a beta of 0.16.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.10. Rayonier had a net margin of 19.12% and a return on equity of 7.47%. The company had revenue of $245.90 million for the quarter, compared to analyst estimates of $193.04 million. During the same quarter in the prior year, the business posted $0.20 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Equities analysts forecast that Rayonier Inc. will post 0.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a $0.27 dividend. The ex-dividend date was Thursday, September 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.45%. Rayonier’s dividend payout ratio is presently 166.15%.

A number of equities research analysts recently weighed in on RYN shares. Zacks Investment Research lowered shares of Rayonier from a “buy” rating to a “hold” rating in a report on Monday, July 30th. BMO Capital Markets lowered shares of Rayonier from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.40.

Rayonier Profile

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 June 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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