Vanguard Trims Rayonier Stake to 12.6% as of Dec 29, 2023

TL;DR

**Vanguard just cut its stake in Rayonier to 12.6%, watch for potential stock movement.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Rayonier Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 17,987,834 shares of Rayonier's Common Stock, representing 12.6% of the company. This filing indicates a slight decrease in Vanguard's stake from previous disclosures, which could signal a shift in their investment strategy for Rayonier.

Why It Matters

This matters to investors because Vanguard is a significant institutional holder, and changes in its position can influence market sentiment and potentially the stock price of Rayonier Inc.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate or significant risk to the company or its investors.

Analyst Insight

A smart investor would monitor Rayonier Inc.'s stock performance and any further institutional filings to understand if Vanguard's slight reduction signals a broader trend or is merely a portfolio rebalancing.

Key Numbers

• 17,987,834 — Shares Beneficially Owned (The total number of Rayonier Inc. common stock shares Vanguard holds.)
• 12.6% — Percentage of Class (The proportion of Rayonier Inc.'s common stock that Vanguard beneficially owns.)
• December 29, 2023 — Event Date (The specific date on which Vanguard's ownership position was determined for this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Rayonier Inc. (company) — subject company whose securities are being reported
• 17,987,834 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 12.6% (dollar_amount) — percentage of Rayonier Inc. common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Rayonier Inc.'s stock price may experience minor volatility as investors react to Vanguard's adjusted stake. (Rayonier Inc.) — medium confidence, target: next 1-2 weeks
• Other institutional investors might review their positions in Rayonier Inc. in light of Vanguard's updated ownership. (institutional investors) — low confidence, target: next 1-3 months

FAQ

From the Filing

0001104659-24-021799.txt : 20240213 0001104659-24-021799.hdr.sgml : 20240213 20240213171215 ACCESSION NUMBER: 0001104659-24-021799 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629333 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01785-rayonierinc.htm SCHEDULE 13G/A rayonierinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  Rayonier Inc Title of Class of Securities:  Common Stock CUSIP Number:  754907103 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 the following page(s))     13G CUSIP No.:  754907103 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 49,669 7.  SOLE DISPOSITIVE POWER 20,536,327 8.  SHARED DISPOSITIVE POWER 198,973 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,735,300 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.98% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Rayonier Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1 Rayonier Way Wildlight, FL 32097 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizen