Oregon Public Employees Retirement Fund Acquires 794 Shares of Rayonier Inc. (NYSE:RYN)

Oregon Public Employees Retirement Fund raised its holdings in Rayonier Inc. (NYSE:RYNGet Rating) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,635 shares of the real estate investment trust’s stock after buying an additional 794 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Rayonier were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Rayonier by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 20,773,615 shares of the real estate investment trust’s stock valued at $854,211,000 after buying an additional 302,477 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Rayonier by 4.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 17,920,516 shares of the real estate investment trust’s stock valued at $669,869,000 after buying an additional 728,269 shares during the period. BlackRock Inc. boosted its stake in shares of Rayonier by 0.7% in the 1st quarter. BlackRock Inc. now owns 13,769,910 shares of the real estate investment trust’s stock valued at $566,221,000 after purchasing an additional 89,742 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Rayonier by 6.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,189,837 shares of the real estate investment trust’s stock valued at $343,515,000 after purchasing an additional 557,796 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Rayonier by 1.1% in the 2nd quarter. State Street Corp now owns 3,878,018 shares of the real estate investment trust’s stock valued at $144,960,000 after purchasing an additional 41,944 shares in the last quarter. Institutional investors own 82.87% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Rayonier in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Rayonier Stock Up 2.5 %

Shares of NYSE:RYN opened at $34.85 on Monday. Rayonier Inc. has a 52 week low of $29.51 and a 52 week high of $45.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.88 and a current ratio of 3.16. The company’s fifty day moving average is $34.57 and its 200-day moving average is $34.62. The company has a market capitalization of $5.10 billion, a PE ratio of 62.23 and a beta of 0.89.

Rayonier Profile

(Get Rating)

Rayonier, Inc is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, Timber Funds and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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