Xact Kapitalforvaltning AB grew its holdings in Rayonier Inc. (NYSE:RYN) by 30.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,639 shares of the real estate investment trust’s stock after buying an additional 6,400 shares during the period. Xact Kapitalforvaltning AB’s holdings in Rayonier were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RYN. Bluestein R H & Co. purchased a new position in shares of Rayonier in the first quarter valued at approximately $221,000. Swiss National Bank raised its holdings in Rayonier by 3.1% in the first quarter. Swiss National Bank now owns 235,900 shares of the real estate investment trust’s stock valued at $7,436,000 after acquiring an additional 7,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Rayonier by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 39,173 shares of the real estate investment trust’s stock valued at $1,235,000 after acquiring an additional 1,023 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in Rayonier by 13.9% in the first quarter. Pictet Asset Management Ltd. now owns 2,920,647 shares of the real estate investment trust’s stock valued at $92,059,000 after acquiring an additional 356,977 shares in the last quarter. Finally, Centersquare Investment Management LLC acquired a new stake in Rayonier in the first quarter valued at approximately $498,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

RYN stock traded up $0.09 during midday trading on Wednesday, reaching $30.66. 13,902 shares of the company were exchanged, compared to its average volume of 585,429. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.59. Rayonier Inc. has a 1-year low of $26.30 and a 1-year high of $39.68. The stock has a market cap of $3.90 billion, a P/E ratio of 38.83 and a beta of 0.74.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Rayonier had a net margin of 10.75% and a return on equity of 5.16%. The company had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $184.31 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, equities research analysts predict that Rayonier Inc. will post 0.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 3.52%. Rayonier’s payout ratio is currently 136.71%.

In other Rayonier news, CFO Mark Mchugh sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $32.62, for a total transaction of $326,200.00. Following the sale, the chief financial officer now owns 61,613 shares of the company’s stock, valued at $2,009,816.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by company insiders.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Rayonier from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Seaport Global Securities assumed coverage on shares of Rayonier in a report on Tuesday, April 2nd. They issued a “neutral” rating and a $31.74 target price on the stock. Finally, TheStreet raised shares of Rayonier from a “c+” rating to a “b-” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.91.

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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 December 31, 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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