JPMorgan Amends Rayonier Stake: Ownership Update Filed

Ticker: RYN · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, REIT, JPMorgan

TL;DR

**JPMorgan just updated its Rayonier holdings, keep an eye on institutional sentiment!**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 25, 2024, indicating a change in their beneficial ownership of Rayonier Inc. common shares as of December 29, 2023. This amendment, number 11, updates their previous holdings in the real estate investment trust (REIT). For investors, this matters because large institutional ownership changes can signal shifts in confidence or investment strategy, potentially influencing stock price movements.

Why It Matters

This filing shows a major institutional investor, JPMorgan Chase & Co., has updated its stake in Rayonier Inc., which can influence market perception and trading activity for the stock.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate or significant risk to the company or its shareholders.

Analyst Insight

An investor should monitor subsequent filings from JPMorgan Chase & Co. to understand the magnitude and direction of their ownership changes in Rayonier Inc., as significant increases or decreases could signal a shift in institutional confidence.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that an institutional investor, in this case, JPMorgan Chase & Co., is updating its beneficial ownership of 5% or more of a company's stock, Rayonier Inc., as of a specific date (December 29, 2023).

Who is the filer of this SC 13G/A and who is the subject company?

The filer of this SC 13G/A is JPMorgan Chase & Co., and the subject company whose shares are being reported is Rayonier Inc.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as stated in the filing.

What is the CUSIP number for Rayonier Inc.'s Common Shares?

The CUSIP number for Rayonier Inc.'s Common Shares, no par value, is 754907103, according to 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' next to 'Rule 13d-1(b)' in the filing.

From the Filing

0000019617-24-000142.txt : 20240125 0000019617-24-000142.hdr.sgml : 20240125 20240125111047 ACCESSION NUMBER: 0000019617-24-000142 CONFORMED SUBMISSION TYPE: SC 13G/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RAYONIER INC CENTRAL INDEX KEY: 0000052827 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 132607329 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45095 BUSINESS ADDRESS: STREET 1: 1 RAYONIER WAY CITY: WILDLIGHT STATE: FL ZIP: 32097 BUSINESS PHONE: 9043579100 MAIL ADDRESS: STREET 1: 1 RAYONIER WAY CITY: WILDLIGHT STATE: FL ZIP: 32097 FORMER COMPANY: FORMER CONFORMED NAME: ITT RAYONIER INC /CT/ DATE OF NAME CHANGE: 19940422 FORMER COMPANY: FORMER CONFORMED NAME: ITT RAYONIER INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN CHASE & CO CENTRAL INDEX KEY: 0000019617 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 132624428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122706000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: J P MORGAN CHASE & CO DATE OF NAME CHANGE: 20010102 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN CORP /DE/ DATE OF NAME CHANGE: 19960402 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANKING CORP DATE OF NAME CHANGE: 19920703 SC 13G/A 1 RAYONIER_INC.htm FILING RAYONIER INC. Schedule 13G   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   SCHEDULE 13G     Under the Securities Exchange Act of 1934 (Amendment No. 11 )*   RAYONIER INC.   (Name of Issuer)   Common Shares, no par value (Title of Class of Securities)   754907103 (CUSIP Number)   December 29, 2023 (Date of Event Which Requires Filing of this Statement)   Check the appropriate box to designate the rule pursuant to which this Schedule is filed:        x  Rule 13d-1(b)        o  Rule 13d-1(c)        o  Rule 13d-1(d)   * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.   The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).           CUSIP No.  754907103                           1   NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   JPMORGAN CHASE & CO. 13-2624428       2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a)   o   (b)   o       3   SEC USE ONLY               4   CITIZENSHIP OR PLACE OF ORGANIZATION       Delaware         NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:  5   SOLE VOTING POWER       8,167,959       6   SHARED VOTING POWER       160       7

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