Insider Trading Watch List: Rayonier Inc.

Rayonier Inc. (NYSE:RYN) insider has recently participated in insider trading activity. Director, Jones Scott R. bought 1,920 shares for $39,613 via one transaction Feb 17. Following the transaction, the insider now owns 480 shares in total, priced at $10137.6 as of Wednesday. Another notable insider trading was done by the same insider on Feb 16. Jones Scott R. acquired 17,462 shares at an average price of $19.56 for a total of $341,591. Moreover, NUNES DAVID L carried out a sale of 10,000 shares at $19.32 each on Feb 16. The transaction amounted to $193,179. Director Wiltshire Andrew G. bought 1,060 shares for $23,352 through one transaction Jan 07. Following this sale, this insider’s stake in the company comprises 1,060 shares, priced at $22387.2 as of Wednesday.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 1 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 21 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in just 19 instances.

Rayonier Inc. (RYN) on February 10, 2016 reported fourth quarter net income attributable to Rayonier of $10.3 million, or $0.08 per share, on revenues of $137 million. This compares to net income attributable to Rayonier of $8.9 million, or $0.07 per share, on revenues of $147.4 million in the prior year quarter. The fourth quarter results included $1.0 million of costs related to shareholder litigation. The prior year fourth quarter results included $0.3 million of income from discontinued operations and $2.4 million of internal review and restatement costs. Excluding these items, pro forma net income was$11.3 million, or $0.09 per share, versus $11.0 million, or $0.09 per share, in the prior year period.

Full-year 2015 net income attributable to Rayonier was $46.2 million, or $0.37 per share, on revenues of $544.9 million. This compares to net income attributable to Rayonier of $99.3 million, or $0.76 per share, on revenues of $603.5 million in the prior year. Pro forma net income was $50.7 million, or $0.40 per share, versus $67.4 million, or $0.51 per share, in the prior year.

“In 2015, we maintained operational flexibility to respond to changing market conditions, particularly in market areas impacted by weaker demand from China,” said David Nunes, President and CEO. “In our Real Estate segment, we saw steady demand for rural properties while we continued to build the foundation for realizing greater value from our development properties. The strong performance of our Real Estate segment afforded us the opportunity to accelerate the planned reduction of timber harvest in the Pacific Northwest, which fell by 25% relative to 2014, while still achieving the upper end of our full-year Adjusted EBITDA guidance. Our nimble operating posture also extended to capital allocation decisions. During the first half of the year, we focused our capital allocation efforts on acquiring productive timberlands that would be accretive to cash flow. During the second half of the year, as our share price declined, we shifted our capital allocation priority to share repurchases. In total, we acquired 37,000 acres of highly productive timberland in all three of our operating geographies during the year, while also repurchasing $100 million of our common stock. In addition, we closed on new credit facilities that resulted in lower interest expense and greater financial flexibility.”