Capital Innovations Lowers stake in Rayonier (RYN)

Rayonier (RYN) : Capital Innovations reduced its stake in Rayonier by 1.28% during the most recent quarter end. The investment management company now holds a total of 46,360 shares of Rayonier which is valued at $1,279,072 after selling 600 shares in Rayonier , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Rayonier makes up approximately 3.38% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Hightower Advisors reduced its stake in RYN by selling 370 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 32,336 shares of RYN which is valued at $892,150. Rayonier makes up approx 0.01% of Hightower Advisors’s portfolio.New York State Common Retirement Fund reduced its stake in RYN by selling 38,900 shares or 13.07% in the most recent quarter. The Hedge Fund company now holds 258,800 shares of RYN which is valued at $6,909,960. Rayonier makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Sg Americas Securities reduced its stake in RYN by selling 50,287 shares or 73.32% in the most recent quarter. The Hedge Fund company now holds 18,301 shares of RYN which is valued at $488,637. Rayonier makes up approx 0.01% of Sg Americas Securities’s portfolio. Cliftonlarsonallen Wealth Advisors added RYN to its portfolio by purchasing 14,734 company shares during the most recent quarter which is valued at $391,335. Rayonier makes up approx 0.05% of Cliftonlarsonallen Wealth Advisors’s portfolio.Leavell Investment Management reduced its stake in RYN by selling 450 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 73,304 shares of RYN which is valued at $1,911,768. Rayonier makes up approx 0.28% of Leavell Investment Management’s portfolio.

Rayonier closed down -0.08 points or -0.30% at $26.9 with 4,40,488 shares getting traded on Monday. Post opening the session at $26.94, the shares hit an intraday low of $26.77 and an intraday high of $27.01 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Rayonier reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.14. The company had revenue of $171.40 million for the quarter, compared to analysts expectations of $155.05 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Investors should note that on Oct 21, 2016, Rayonier announced a cash dividend of $0.2500. The company’s management has announced Dec 14, 2016 as the ex-dividend date and fixed the record date on Dec 16, 2016. The payable date has been fixed on Dec 30, 2016.

Many Wall Street Analysts have commented on Rayonier. Rayonier was Downgraded by Buckingham Research to ” Neutral” on Sep 7, 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 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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