MFS Amends Rayonier Stake, Signals Continued Passive Investment

Ticker: RYN · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**MFS still owns a big chunk of Rayonier, signaling stability.**

AI Summary

Massachusetts Financial Services Company (MFS) filed an amended SC 13G/A for Rayonier Inc. on February 9, 2024, indicating their ownership of Rayonier's Real Estate Investment Trust securities as of December 29, 2023. This filing, an Amendment No. 2, updates their previous disclosures, confirming MFS's continued significant, but passive, investment in Rayonier. This matters to investors because MFS is a large institutional investor, and their continued holding suggests confidence in Rayonier's long-term prospects, potentially signaling stability for current and prospective shareholders.

Why It Matters

This filing confirms a major institutional investor, Massachusetts Financial Services Company, maintains a significant stake in Rayonier, which can be a vote of confidence for other investors.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and doesn't indicate any immediate negative or positive changes in the company's operations or stock price.

Analyst Insight

Investors should note that a major institutional investor continues to hold Rayonier shares, suggesting stability, but this filing alone doesn't provide new catalysts for price movement.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, specifically Amendment No. 2, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is Massachusetts Financial Services Company, also referred to as "MFS," with an I.R.S. Identification No. of 04-2747644.

What is the subject company whose securities are being reported?

The subject company is RAYONIER INC, which is classified as a Real Estate Investment Trust (REIT) with CUSIP Number 754907103.

When was the event that required this filing?

The date of the event which required the filing of this statement was December 29, 2023.

Where is Massachusetts Financial Services Company organized?

Massachusetts Financial Services Company is organized in Delaware, as stated under 'CITIZENSHIP OR PLACE OF ORGANIZATION'.

From the Filing

0000912938-24-000211.txt : 20240209 0000912938-24-000211.hdr.sgml : 20240209 20240209114903 ACCESSION NUMBER: 0000912938-24-000211 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24613277 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: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ CENTRAL INDEX KEY: 0000912938 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * RAYONIER INC (Name of Issuer) Real Estate Investment Trust (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) [ ] 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 (the "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 NO. OF ABOVE PERSONS (ENTITIES ONLY) Massachusetts Financial Services Company ("MFS") 04-2747644 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable 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 7,982,859 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 8,420,189 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,420,189 shares of Real Estate Investment Trust consisting of shares beneficially owned by MFS and/or certain other non-reporting entities 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer RAYONIER INC (b) Address of Issuer's Principal Executive Offices 1 Rayonier Way, Wildlight, FL 32097 Item 2. (a) Name of Person Filing Massachusetts Financial Services Company (b) Address of Principal Business Office or, if None, Residence 111 Huntington Avenue, Boston, MA 02199 (c) Citizenship Delaware (d) Title of Class of Securities Real Estate Investment Trust (e) CUSIP Number 754907103 Item 3. If This Statem

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