Mitchell Sinkler & Starr reduced its position in Rayonier Inc. (NYSE:RYN) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 14,749 shares of the real estate investment trust’s stock after selling 6,975 shares during the period. Mitchell Sinkler & Starr’s holdings in Rayonier were worth $327,000 at the end of the most recent quarter.

Rayonier Inc. (NYSE:RYN) traded up 1.80% during trading on Friday, hitting $19.25. 623,854 shares of the stock were exchanged. The firm’s 50-day moving average is $21.64 and its 200 day moving average is $23.13. Rayonier Inc. has a 52 week low of $17.85 and a 52 week high of $29.88. The firm has a market cap of $2.41 billion and a PE ratio of 54.84.

Rayonier (NYSE:RYN) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $151.70 million for the quarter, compared to the consensus estimate of $146.92 million. During the same period in the prior year, the business earned $0.27 EPS. Rayonier’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that Rayonier Inc. will post $0.37 earnings per share for the current fiscal year.

RYN has been the subject of a number of research analyst reports. RBC Capital reduced their target price on shares of Rayonier from $25.00 to $24.00 in a research note on Wednesday, October 21st. Zacks Investment Research lowered shares of Rayonier from a “buy” rating to a “hold” rating in a research note on Thursday, January 7th.

In other news, CEO David L. Nunes bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 15th. The stock was acquired at an average price of $22.00 per share, with a total value of $220,000.00. Following the completion of the purchase, the chief executive officer now directly owns 162,169 shares of the company’s stock, valued at $3,567,718. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rayonier Inc. (NYSE:RYN) 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 (372,000 acres) and New Zealand (451,000 gross acres, or 309,000 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.

12 Month Chart for NYSE:RYN

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