Real Estate Management Services buys $28,216,607 stake in Rayonier (RYN)

Rayonier (RYN) : Real Estate Management Services scooped up 175,899 additional shares in Rayonier during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 1,117,047 shares of Rayonier which is valued at $28,216,607.Rayonier makes up approximately 4.49% of Real Estate Management Services’s portfolio.

Rayonier closed down -0.11 points or -0.44% at $25.15 with 3,29,091 shares getting traded on Monday. Post opening the session at $25.08, the shares hit an intraday low of $25.03 and an intraday high of $25.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , State Of Alaska Department Of Revenue reduced its stake in RYN by selling 3,117 shares or 5.03% in the most recent quarter. The Hedge Fund company now holds 58,855 shares of RYN which is valued at $1,486,677. Rayonier makes up approx 0.15% of State Of Alaska Department Of Revenue’s portfolio.Central Trust Co boosted its stake in RYN in the latest quarter, The investment management firm added 2,885 additional shares and now holds a total of 19,835 shares of Rayonier which is valued at $501,032. Rayonier makes up approx 0.04% of Central Trust Co’s portfolio. Proficio Capital Partners added RYN to its portfolio by purchasing 69 company shares during the most recent quarter which is valued at $1,686.

On the company’s financial health, Rayonier reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.06. The company had revenue of $137.10 million for the quarter, compared to analysts expectations of $128.69 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 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 .Shares were Upgraded by BMO Capital Markets on Jan 29, 2016 to ” Outperform” and Lowered the Price Target to $ 26 from a previous price target of $27 .

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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