Parametrica Management Ltd Invests $252,000 in Rayonier Inc. (RYN)

Parametrica Management Ltd purchased a new stake in shares of Rayonier Inc. (NYSE:RYN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,982 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Rayonier by 46.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 2,229 shares during the period. Chicago Equity Partners LLC boosted its holdings in shares of Rayonier by 762.6% during the fourth quarter. Chicago Equity Partners LLC now owns 177,773 shares of the real estate investment trust’s stock valued at $5,623,000 after acquiring an additional 157,163 shares during the period. Bollard Group LLC boosted its holdings in shares of Rayonier by 2.8% during the fourth quarter. Bollard Group LLC now owns 90,612 shares of the real estate investment trust’s stock valued at $2,866,000 after acquiring an additional 2,471 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Rayonier by 292.9% during the fourth quarter. SG Americas Securities LLC now owns 72,052 shares of the real estate investment trust’s stock valued at $2,279,000 after acquiring an additional 53,714 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Rayonier by 10.7% during the fourth quarter. State of Alaska Department of Revenue now owns 78,535 shares of the real estate investment trust’s stock valued at $2,482,000 after acquiring an additional 7,600 shares during the period. 83.53% of the stock is owned by institutional investors.

RYN has been the subject of several analyst reports. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Monday, November 6th. Royal Bank of Canada reissued a “hold” rating and set a $30.00 price target on shares of Rayonier in a report on Friday, January 12th. Finally, BMO Capital Markets reissued a “hold” rating and set a $31.00 price target on shares of Rayonier in a report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $31.50.

Shares of Rayonier Inc. (RYN) opened at $31.19 on Tuesday. The firm has a market cap of $4,110.34, a PE ratio of 65.06, a P/E/G ratio of 11.75 and a beta of 0.38. Rayonier Inc. has a 1-year low of $26.84 and a 1-year high of $33.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.74 and a quick ratio of 1.45.

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Rayonier Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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