Rayonier Inc. (RYN) Reaches $35.73 52-Week High; Diamond Hill Investment Group (DHIL)’s Sentiment Is 1.7

March 13, 2018 - By Richard Conner

Diamond Hill Investment Group, Inc., together with its subsidiaries, provides investment advisory and fund administration services in the United States. The company has market cap of $692.59 million. It sponsors, distributes, and offers investment advisory and related services to a range of clients, such as firms, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals. It has a 14.59 P/E ratio. The firm also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent.

The stock of Rayonier Inc. (NYSE:RYN) hit a new 52-week high and has $38.59 target or 8.00% above today’s $35.73 share price. The 6 months bullish chart indicates low risk for the $4.60B company. The 1-year high was reported on Mar, 13 by Barchart.com. If the $38.59 price target is reached, the company will be worth $367.84M more. The stock increased 0.88% or $0.31 during the last trading session, reaching $35.73. About 107,561 shares traded. Rayonier Inc. (NYSE:RYN) has risen 11.93% since March 13, 2017 and is uptrending. It has underperformed by 4.77% the S&P500.

Rayonier Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company has market cap of $4.60 billion. The firm operates in four divisions: Timber, Real Estate, Performance Fibers, and Wood Products. It has a 30.8 P/E ratio. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs.

Analysts await Rayonier Inc. (NYSE:RYN) to report earnings on May, 2. They expect $0.16 EPS, up 220.00% or $0.11 from last year’s $0.05 per share. RYN’s profit will be $20.59 million for 55.83 P/E if the $0.16 EPS becomes a reality. After $0.20 actual EPS reported by Rayonier Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Among 8 analysts covering Rayonier (NYSE:RYN), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Rayonier had 23 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, July 26 the stock rating was maintained by BMO Capital Markets with “Buy”. BMO Capital Markets maintained it with “Hold” rating and $31.0 target in Wednesday, September 27 report. The company was maintained on Sunday, July 30 by RBC Capital Markets. BMO Capital Markets maintained it with “Hold” rating and $31.0 target in Wednesday, November 1 report. The rating was downgraded by BMO Capital Markets to “Market Perform” on Monday, August 14. The rating was maintained by RBC Capital Markets on Friday, August 7 with “Sector Perform”. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 6 report. As per Thursday, August 20, the company rating was upgraded by Zacks. RBC Capital Markets maintained it with “Hold” rating and $30.0 target in Thursday, January 11 report. Vertical Research upgraded the stock to “Buy” rating in Friday, May 26 report.

Investors sentiment decreased to 1.22 in 2017 Q3. Its down 0.08, from 1.3 in 2017Q2. It turned negative, as 24 investors sold Rayonier Inc. shares while 60 reduced holdings. 24 funds opened positions while 85 raised stakes. 105.65 million shares or 1.57% more from 104.03 million shares in 2017Q2 were reported. Barrington Strategic Wealth Mgmt Gru Ltd Liability Company reported 0.35% of its portfolio in Rayonier Inc. (NYSE:RYN). Fifth Third Bank accumulated 1,485 shares. Texas Permanent School Fund holds 0.03% or 94,103 shares. Bnp Paribas Arbitrage holds 44,421 shares or 0% of its portfolio. Chicago Equity Prtnrs Limited Liability Company invested 0.02% of its portfolio in Rayonier Inc. (NYSE:RYN). Schulhoff And Com reported 0.78% stake. Grisanti Ltd Liability Corporation has 0.01% invested in Rayonier Inc. (NYSE:RYN). Los Angeles Cap Equity Research Inc reported 43,226 shares. Commonwealth Of Pennsylvania School Empls Retrmt reported 18,804 shares stake. 94,305 are owned by Blair William & Il. Private Ocean Ltd Liability Com accumulated 135 shares or 0% of the stock. Louisiana State Employees Retirement Systems reported 34,400 shares. Amer Century Companies holds 0.02% or 672,089 shares in its portfolio. Susquehanna Intl Group Llp owns 10,384 shares. Tru Com Of Toledo Na Oh has 0.1% invested in Rayonier Inc. (NYSE:RYN) for 13,933 shares.

The stock decreased 0.51% or $1.08 during the last trading session, reaching $211.25. About 1,116 shares traded. Diamond Hill Investment Group, Inc. (DHIL) has risen 16.29% since March 13, 2017 and is uptrending. It has underperformed by 0.41% the S&P500.

Since January 1, 0001, it had 0 buys, and 9 sales for $3.36 million activity.

Motley Fool Asset Management Llc holds 1.24% of its portfolio in Diamond Hill Investment Group, Inc. for 29,023 shares. Grandeur Peak Global Advisors Llc owns 27,175 shares or 0.88% of their US portfolio. Moreover, Barr E S & Co has 0.87% invested in the company for 38,373 shares. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.83% in the stock. Amica Retiree Medical Trust, a Rhode Island-based fund reported 4,949 shares.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: