Rayonier Inc (RYN): Mark R Bridwell , VP, General Counsel and CS of Rayonier Inc sold 881 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $26.12 per share for a total value of $23,011.72 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 17, 2016, Scott R. Jones (director) purchased 19,382 shares at $19.87 per share price.On Feb 17, 2016, David L Nunes (CEO) purchased 10,000 shares at $19.32 per share price.Also, On Sep 11, 2015, Douglas M Long (VP, US Operations) sold 881 shares at $22.80 per share price.
Rayonier: On Friday, May 27, 2016 heightened volatility was witnessed in Rayonier which led to swings in the share price. The shares opened for trading at $25.83 and hit $26.15 on the upside , eventually ending the session at $25.82, with a gain of 0.12% or 0.03 points. The heightened volatility saw the trading volume jump to 4,30,127 shares. The 52-week high of the share price is $26.49 and the company has a market cap of $3,171 M . The 52-week low of the share price is at $17.85.
On May 24, 2016, Rayonier announced a cash dividend of $0.2500. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
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 Companys Timber segments own or lease approximately 2.7 million acres of timberlands located in the United States and New Zealand. The Companys Real Estate segments holdings are primarily in the southeastern United States. The Companys Trading segment consists of log trading activities in New Zealand and Australia.