Royal Bank of Canada Boosts Stake in Rayonier Inc.

Royal Bank of Canada increased its stake in Rayonier Inc., purchasing an additional 312,834 shares during the first quarter.

The fund now owns 592,576 shares of the real estate investment trust's stock, valued at $12,219,000 as of its most recent SEC filing.

This acquisition represents a 111.8% increase in Royal Bank of Canada's position in Rayonier, and accounts for approximately 0.20% of the company's outstanding shares.