Cohen & Steers Adds $178M in Rayonier Inc. ($RYN)
Key Points
- Cohen & Steers changed its Rayonier Inc. ($RYN) stake by 60.1% last quarter, boosting to 21,691,004 shares worth $475.47 million.
- Wall Street's consensus rating on $RYN is Buy and an average price target of $26.00.
- $RYN last traded around $21.92.
Cohen & Steers increased its position in Rayonier Inc. ($RYN) by 60.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,691,004 shares of Rayonier Inc. after buying 8,142,189 shares during the quarter. Cohen & Steers's holdings in Rayonier Inc. were worth $475.47 million as of its most recent filing.
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About Rayonier Inc.
Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. South and U.S. Northwest. The company is focused on managing its timberlands on a sustainable basis while optimizing its overall portfolio value by delivering land to its highest and best use. Rayonier also operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program. Rayonier is committed to corporate responsibility, third-party forest certification, and supporting climate change mitigation through its land-based solutions business. Rayonier Inc. was incorporated in 1926 in North Carolina and is based in Yulee, Florida.
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