Norges Bank Amends Rayonier Inc. (RYN) Stake Filing
Ticker: RYN · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 52827
| Field | Detail |
|---|---|
| Company | Rayonier Inc (RYN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Norges Bank still owns Rayonier stock, signaling continued institutional interest.**
AI Summary
Norges Bank, the central bank of Norway, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Rayonier Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows Norges Bank's continued passive investment in Rayonier, a real estate investment trust. For investors, this signals that a major institutional investor maintains a position in Rayonier, which can be seen as a vote of confidence, though the exact change in their holding isn't detailed in this snippet.
Why It Matters
This filing confirms Norges Bank's ongoing passive investment in Rayonier Inc., providing a signal of institutional confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
An investor should note that Norges Bank, a significant institutional investor, maintains a passive stake in Rayonier Inc. This information could be used as one data point among many when evaluating the stock, suggesting continued institutional interest, but it doesn't indicate any active management changes or new strategic moves.
Key Players & Entities
- Norges Bank (company) — the entity filing the SC 13G/A, indicating its ownership in Rayonier Inc.
- Rayonier Inc. (company) — the subject company whose common stock is being reported on
- December 31, 2023 (date) — the date of the event requiring the filing of this statement
- January 30, 2024 (date) — the date the SC 13G/A amendment was filed
- 754907103 (number) — the CUSIP number for Rayonier Inc. common stock
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, an amendment to a Schedule 13G, filed by Norges Bank regarding its ownership in Rayonier Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Rayonier Inc. is 754907103, as stated on Page 2 of 5 Pages of the filing.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as indicated on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
What is the business address of the subject company, Rayonier Inc.?
The business address for Rayonier Inc. is 1 RAYONIER WAY, WILDLIGHT, FL 32097, with a business phone of 9043579100, according to the COMPANY DATA section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding RAYONIER INC (RYN).