Mosaic Financial Partners Lowers stake in Rayonier (RYN)

Rayonier (RYN) : Mosaic Financial Partners reduced its stake in Rayonier by 6.38% during the most recent quarter end. The investment management company now holds a total of 169,164 shares of Rayonier which is valued at $4,286,616 after selling 11,533 shares in Rayonier , the firm said in a disclosure report filed with the SEC on May 9, 2016.Rayonier makes up approximately 2.69% of Mosaic Financial Partners’s portfolio.

Other Hedge Funds, Including , Nuance Investments boosted its stake in RYN in the latest quarter, The investment management firm added 14,098 additional shares and now holds a total of 48,977 shares of Rayonier which is valued at $1,241,077. Rayonier makes up approx 0.14% of Nuance Investments’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.Amica Pension Fund Board Of Trustees boosted its stake in RYN in the latest quarter, The investment management firm added 43,822 additional shares and now holds a total of 64,000 shares of Rayonier which is valued at $1,620,480. Rayonier makes up approx 0.21% of Amica Pension Fund Board Of Trustees’s portfolio.Great West Life Assurance Co Can boosted its stake in RYN in the latest quarter, The investment management firm added 5,196 additional shares and now holds a total of 51,114 shares of Rayonier which is valued at $1,261,494.Texas Permanent School Fund reduced its stake in RYN by selling 4,865 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 98,305 shares of RYN which is valued at $2,426,167. Rayonier makes up approx 0.03% of Texas Permanent School Fund’s portfolio.

Rayonier closed down -0.04 points or -0.16% at $25.34 with 2,80,278 shares getting traded on Friday. Post opening the session at $25.22, the shares hit an intraday low of $25.05 and an intraday high of $25.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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