Norges Bank Amends Rayonier Inc. (RYN) Stake Filing

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

From the Filing

0001374170-24-000014.txt : 20240130 0001374170-24-000014.hdr.sgml : 20240130 20240130110218 ACCESSION NUMBER: 0001374170-24-000014 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 GROUP MEMBERS: NBIMREGULATORYCOMPLIANCE@NBIM.NO 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 FILM NUMBER: 24576450 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: NORGES BANK CENTRAL INDEX KEY: 0001374170 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: Q8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: BANKPLASSEN 2 STREET 2: P.O BOX 1179 SENTRUM CITY: OSLO STATE: Q8 ZIP: 0107 BUSINESS PHONE: 47-24073120 MAIL ADDRESS: STREET 1: BANKPLASSEN 2 STREET 2: P.O BOX 1179 SENTRUM CITY: OSLO STATE: Q8 ZIP: 0107 FORMER COMPANY: FORMER CONFORMED NAME: Norges Bank DATE OF NAME CHANGE: 20060829 SC 13G/A 1 efc23-1231_formsc13ga.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------------------------------------------------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Rayonier Inc. ---------------------------------------------- (Name of Issuer) Common stock ----------------------------------------------------- (Title of Class of Securities) 754907103 --------------------- (CUSIP Number) December 31, 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) [ ] Rule 13d-1(c) [ ] 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). Continued on following pages Page 1 of 5 Pages SCHEDULE 13G CUSIP No.: 754907103 Page 2 of 5 Pages ................................................................................. 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). NORGES BANK (THE CENTRAL BANK OF NORWAY) ................................................................................. 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] N/A ................................................................................. 3. SEC Use Only ................................................................................. 4. Citizenship or Place of Organization NORWAY ................................................................................. Number of 5. Sole Voting Power 13,142,039 Shares Beneficially ................................................................ Owned by Each Reporting 6. Shared Voting Power 0 Person With ................................................................ 7. Sole Dispositive Power 13,142,039 ........................................