Dimensional Fund Advisors Increases Stake in Rayonier Amid Strong Earnings
Dimensional Fund Advisors LP significantly increased its stake in Rayonier Inc. (NYSE:RYN) during the first quarter, purchasing an additional 161,228 shares and bringing its total holdings to 192,593 shares.
The firm's investment in Rayonier is valued at $3,971,000, accounting for approximately 0.06% of the company's outstanding shares.
Rayonier reported a quarterly earnings per share of $0.10 and revenue of $396.51 million, exceeding analyst expectations. The company also declared a quarterly dividend of $0.26 per share, paid on September 30th to shareholders who owned the stock by September 16th.
The institutional ownership of Rayonier's shares stands at 89.12%, with several large investors increasing their stakes in the company during the first quarter, including Parallel Advisors LLC, KBC Group NV, Swiss National Bank, and California Public Employees Retirement System.