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SG Americas Securities LLC reduced its position in Rayonier Inc. (NYSE:RYN – Get Rating) by 46.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,019 shares of the real estate investment trust’s stock after selling 45,891 shares during the quarter. SG Americas Securities LLC’s holdings in Rayonier were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of RYN. HighTower Advisors LLC increased its position in Rayonier by 27.7% in the first quarter. HighTower Advisors LLC now owns 38,574 shares of the real estate investment trust’s stock worth $1,583,000 after buying an additional 8,368 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in shares of Rayonier in the first quarter valued at $250,000. Citigroup Inc. grew its position in shares of Rayonier by 22.8% in the first quarter. Citigroup Inc. now owns 67,932 shares of the real estate investment trust’s stock valued at $2,793,000 after purchasing an additional 12,594 shares in the last quarter. Natixis Advisors L.P. purchased a new position in shares of Rayonier in the first quarter valued at $471,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Rayonier by 12.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,278 shares of the real estate investment trust’s stock valued at $2,191,000 after purchasing an additional 5,816 shares in the last quarter. 82.87% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Rayonier in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.
Rayonier Price Performance
Shares of NYSE RYN opened at $34.96 on Monday. The stock has a market cap of $5.12 billion, a PE ratio of 62.43 and a beta of 0.89. Rayonier Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $45.87. The stock has a fifty day moving average of $34.59 and a 200-day moving average of $34.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.88 and a current ratio of 3.16.
Rayonier Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Thursday, December 15th. Rayonier’s dividend payout ratio is 203.57%.
About Rayonier
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Rayonier (RYN)
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