Allspring Global Investments Holdings LLC Increases Stake in Rayonier by 136.5% in Q4
April 21, 2023
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Rayonier Inc ($NYSE:RYN). is a leading global forest products company, specializing in the production and marketing of timber-based products. In the fourth quarter, Allspring Global Investments Holdings LLC significantly increased its stake in Rayonier Inc., by 136.5%. With the new investment, Rayonier Inc. is well-positioned to capitalize on opportunities as the economy rebounds. Furthermore, the long term outlook for Rayonier Inc. looks positive, and it is expected that the company will continue to benefit from strong demand for its products.
Market Price
On Tuesday, Rayonier Inc. (RAY) saw its stock open at $32.7 and close at $32.6, a 0.1% dip from its previous closing price of 32.7. Allspring Global’s increased investment in RAY follows on the heels of a successful year for the company.
RAY also employed a dividend and a share repurchase program which delighted shareholders. The strategic partnership with Allspring Global could also prove to be beneficial for RAY in the future, as the investor is expected to help guide the company in the right direction. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rayonier Inc. More…
| Total Revenues | Net Income | Net Margin |
| 909.07 | 107.08 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rayonier Inc. More…
| Operations | Investing | Financing |
| 269.19 | -516.36 | -4.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rayonier Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.79k | – | 12.67 |
Key Ratios Snapshot
Some of the financial key ratios for Rayonier Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 17.1% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have conducted an analysis of RAYONIER INC‘s financials. We have determined that RAYONIER INC is a low risk investment in terms of financial and business aspects, as indicated by our Risk Rating. We have also detected one risk warning in the cash flow statement. For more details, please register on our website goodwhale.com to check it out. Our analysis is thorough and ongoing, and we pride ourselves on the accuracy and reliability of our data. We strive to provide investors with the best information possible to make well-informed decisions. More…
Peers
There is intense competition between Rayonier Inc and its competitors: Charter Hall Social Infrastructure REIT, New York City REIT Inc, Paramount Group Inc. All of these companies are striving to be the best in the industry and provide the best products and services to their customers.
– Charter Hall Social Infrastructure REIT ($ASX:CQE)
Charter Hall Social Infrastructure REIT is a real estate investment trust that invests in social infrastructure assets in Australia and New Zealand. The company’s portfolio includes healthcare, education, and child care facilities. As of December 31, 2020, the company’s portfolio consisted of 122 properties with a total value of A$4.6 billion.
– New York City REIT Inc ($NYSE:NYC)
New York City REIT Inc. is a publicly traded real estate investment trust that invests in a portfolio of real estate assets in New York City, including office, retail, and residential properties. The company’s market cap as of 2022 is 48.2M.
– Paramount Group Inc ($NYSE:PGRE)
Paramount Group, Inc. is an American investment firm focused on media-related investments. The company was founded in 1994 and is headquartered in New York City. As of 2022, Paramount Group’s market capitalization is $1.49 billion. The company invests in a wide range of media companies, including television networks, film studios, production companies, and digital media businesses. In recent years, Paramount has been an active investor in the global media and entertainment industry, with investments in companies such as Viacom, CBS Corporation, and Lionsgate.
Summary
Rayonier Inc. saw an increase in investment by Allspring Global Investments Holdings LLC of 136.5% in the fourth quarter. This suggests confidence in the future prospects of the company, and may be seen as a sign of bullish sentiment in the market. Analysts are likely looking closely at the company’s financials, operational performance, and outlook, to determine the true value of the stock. With its increased investment, Allspring has signalled its belief that Rayonier Inc. is a good long-term investment.
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