JPMorgan Chase & Co recently disclosed that they own a 9.5% stake in Rayonier Inc. (NYSE:RYN) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Thursday, January 21st. The investor owns 11,791,991 shares of the stock worth $226,995,827. The disclosure is available through EDGAR at this hyperlink.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantitative Systematic Strategies bought a new position in Rayonier during the fourth quarter worth approximately $304,000. Nisa Investment Advisors increased its position in Rayonier by 22.2% in the fourth quarter. Nisa Investment Advisors now owns 55,115 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 10,000 shares in the last quarter. Finally, Baker Ellis Asset Management increased its position in Rayonier by 1.0% in the fourth quarter. Baker Ellis Asset Management now owns 60,078 shares of the real estate investment trust’s stock worth $1,334,000 after buying an additional 600 shares in the last quarter.

Shares of Rayonier Inc. (NYSE:RYN) opened at 19.25 on Monday. The company’s 50-day moving average is $21.64 and its 200-day moving average is $23.13. The firm has a market cap of $2.41 billion and a P/E ratio of 54.84. Rayonier Inc. has a 52-week low of $17.85 and a 52-week high of $29.88.

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, beating the Thomson Reuters’ consensus estimate 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. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Rayonier Inc. will post $0.37 earnings per share for the current fiscal year.

A number of research firms have recently commented on RYN. RBC Capital downgraded shares of Rayonier to a “sell” rating in a research note on Friday, December 4th. Zacks Investment Research raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, October 5th.

In other news, CEO David L. Nunes bought 10,000 shares of the firm’s 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 approximately $3,567,718. The acquisition was disclosed in a filing with the SEC, which is available at this link.

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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