Geode Capital Management LLC Increases Stock Position in Rayonier
June 25, 2023
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Geode Capital Management LLC has recently increased its stake in Rayonier Inc ($NYSE:RYN). Rayonier Inc is a timberland real estate investment trust with operations in the United States and New Zealand. The company specializes in timber, land services, and performance fibers. Geode Capital Management LLC is a Boston-based asset management firm that specializes in large-cap equities and fixed income investments.
The increased stake in Rayonier Inc is part of Geode Capital Management LLC’s strategy, which focuses on taking a long-term view of investments. Rayonier Inc’s stock has been relatively steady despite the current market volatility and uncertainty, making it an attractive target for Geode Capital Management LLC. The investment firm believes that Rayonier Inc is well positioned to benefit from market conditions due to its diverse businesses and attractive long-term outlook.
Market Price
Geode Capital Management LLC recently announced that it has increased its stock position in Rayonier Inc. On Monday, Rayonier’s stock opened at $30.2 and closed at $30.5, up by 1.4% from the prior closing price of $30.0. The rise in the stock price is likely driven by the increasing confidence of investors in the future potential of Rayonier’s business. Geode Capital’s increased stock position is a testament to this fact and could be seen as a positive sign for Rayonier’s future prospects. 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 |
| 866.13 | 86.06 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rayonier Inc. More…
| Operations | Investing | Financing |
| 283.52 | -529.62 | 86.98 |
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 |
| 3.75k | – | 12.44 |
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 |
| – | – | 13.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s analysis of RAYONIER INC has determined that it is classified as a ‘cow’ on the Star Chart. This type of company is characterised by a track record of consistent and sustainable dividend payments. Consequently, this type of company may be of interest to dividend-focused investors. In terms of the company’s wellbeing, GoodWhale has determined that RAYONIER INC has a high health score of 7/10, which indicates it is likely to be able to ride out any crisis without the risk of bankruptcy. We attribute this score to the strength of its cashflows and debt. Further analysis of RAYONIER INC’s wellbeing reveals that it is strong in asset and dividend performance, medium in profitability, and weak in growth. This suggests that while investors can expect a good return from their investments, they should not expect rapid growth in the near future. 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
Geode Capital Management LLC has recently increased their stock position in Rayonier Inc., a forest products and real estate company. This investing move indicates a bullish outlook for the company’s stock. Analysts note that Rayonier Inc. has a solid dividend yield, a reasonable price-to-earnings ratio, and low debt-to-equity. The company also has a history of strong earnings growth, with the dividend payout ratio staying steady over the past few years.
Additionally, its portfolio of timberland and other real estate holdings provide the potential for further growth. Overall, Rayonier Inc. appears to be a sound investment opportunity and Geode Capital Management LLC’s recent move signals confidence in the firm’s potential.
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