1,717 Shares in Rayonier Inc. (NYSE:RYN) Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in Rayonier Inc. (NYSE:RYNGet Rating) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,717 shares of the real estate investment trust’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in Rayonier by 0.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 38,973 shares of the real estate investment trust’s stock worth $1,602,000 after purchasing an additional 257 shares during the period. Securian Asset Management Inc. increased its position in shares of Rayonier by 2.2% during the second quarter. Securian Asset Management Inc. now owns 13,336 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 293 shares during the period. Lazard Asset Management LLC increased its position in shares of Rayonier by 0.3% during the second quarter. Lazard Asset Management LLC now owns 104,998 shares of the real estate investment trust’s stock worth $3,924,000 after acquiring an additional 298 shares during the period. State of Michigan Retirement System increased its position in shares of Rayonier by 0.8% during the second quarter. State of Michigan Retirement System now owns 37,193 shares of the real estate investment trust’s stock worth $1,390,000 after acquiring an additional 300 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of Rayonier by 1.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 24,487 shares of the real estate investment trust’s stock worth $915,000 after acquiring an additional 343 shares during the period. 87.15% of the stock is owned by hedge funds and other institutional investors.

Rayonier Stock Performance

Shares of NYSE:RYN opened at $35.51 on Friday. The firm has a market cap of $5.20 billion, a PE ratio of 63.41 and a beta of 0.88. The firm’s 50 day simple moving average is $32.97 and its 200-day simple moving average is $35.96. Rayonier Inc. has a one year low of $29.51 and a one year high of $45.87. 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 will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.21%. Rayonier’s dividend payout ratio is presently 203.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Rayonier in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Rayonier Company Profile

(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.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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