Capital Innovations Lowers stake in Rayonier (RYN)

Rayonier (RYN) : Capital Innovations reduced its stake in Rayonier by 24.02% during the most recent quarter end. The investment management company now holds a total of 117,900 shares of Rayonier which is valued at $3 Million after selling 37,279 shares in Rayonier , the firm said in a disclosure report filed with the SEC on May 11, 2016.Rayonier makes up approximately 5.15% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Novare Capital Management reduced its stake in RYN by selling 5,175 shares or 38.68% in the most recent quarter. The Hedge Fund company now holds 8,205 shares of RYN which is valued at $207,915. Rayonier makes up approx 0.06% of Novare Capital Management’s portfolio.Bollard Group boosted its stake in RYN in the latest quarter, The investment management firm added 857 additional shares and now holds a total of 85,889 shares of Rayonier which is valued at $2.2 Million. Rayonier makes up approx 0.18% of Bollard Group’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reduced its stake in RYN by selling 13,940 shares or 38.85% in the most recent quarter. The Hedge Fund company now holds 21,939 shares of RYN which is valued at $555,934. Rayonier makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Spinnaker Trust reduced its stake in RYN by selling 384 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 33,875 shares of RYN which is valued at $857,715. Rayonier makes up approx 0.12% of Spinnaker Trust’s portfolio.

Rayonier opened for trading at $25.39 and hit $25.85 on the upside on Monday, eventually ending the session at $25.72, with a gain of 1.50% or 0.38 points. The heightened volatility saw the trading volume jump to 3,75,167 shares. Company has a market cap of $3,159 M.

On the company’s financial health, Rayonier reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.08. The company had revenue of $134.80 million for the quarter, compared to analysts expectations of $129.08 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Rayonier. Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 22 from a previous price target of $23 .

Rayonier Inc. (Rayonier) is a timberland real estate investment trust (REIT). As of December 31 2014 the Company owned leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres) United States Pacific Northwest (372000 acres) and New Zealand (451000 gross acres or 309000 net plantable acres). In addition the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets primarily to support New Zealand export operations. The Company operates through five segments: Southern Timber Pacific Northwest Timber New Zealand Timber Real Estate and Trading. The Company’s Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Company’s Real Estate segment’s holdings are primarily in the southeastern United States. The Company’s Trading segment consists of log trading activities in New Zealand and Australia.

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