MarketBeat Deals and strategy
Walleye Capital LLC Acquires New Position in Rayonier Inc. $RYN
Walleye Capital LLC has acquired a new stake of 215,034 shares, valued at $4.576 million, in Rayonier Inc. (NYSE:RYN). Institutional investors now collectively own 89.12% of the company's stock. Analysts have a consensus "Hold" rating for Rayonier with an average price target of $24.80, following recent earnings that saw revenue up 272.3% year-over-year and matched EPS expectations.