Rayonier (RYN) Shareholder Brookfield Asset Management Boosted Position by $1.70 Million; Prosperity Bancshares (PB) Holder Third Avenue Management Increased Holding

May 18, 2018 - By Adrian Erickson

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Martin Whitman increased its stake in Prosperity Bancshares Inc. (PB) by 11.64% based on its latest 2017Q4 regulatory filing with the SEC. Third Avenue Management Llc bought 10,826 shares as the company’s stock declined 0.68% with the market. The hedge fund run by Martin Whitman held 103,872 shares of the finance company at the end of 2017Q4, valued at $7.28M, up from 93,046 at the end of the previous reported quarter. Third Avenue Management Llc who had been investing in Prosperity Bancshares Inc. for a number of months, seems to be bullish on the $5.21B market cap company. The stock decreased 0.25% or $0.19 during the last trading session, reaching $74.64. About 301,709 shares traded. Prosperity Bancshares, Inc. (NYSE:PB) has risen 5.31% since May 18, 2017 and is uptrending. It has underperformed by 6.24% the S&P500.

Brookfield Asset Management Inc increased its stake in Rayonier Inc (RYN) by 121.24% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc bought 54,800 shares as the company’s stock rose 13.03% while stock markets declined. The hedge fund held 100,000 shares of the real estate investment trusts company at the end of 2017Q4, valued at $3.16M, up from 45,200 at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Rayonier Inc for a number of months, seems to be bullish on the $4.82 billion market cap company. The stock increased 0.16% or $0.06 during the last trading session, reaching $37.42. About 841,301 shares traded or 0.23% up from the average. Rayonier Inc. (NYSE:RYN) has risen 25.96% since May 18, 2017 and is uptrending. It has outperformed by 14.41% the S&P500.

Another recent and important Prosperity Bancshares, Inc. (NYSE:PB) news was published by Bizjournals.com which published an article titled: “Prominent Houston bank board member sells $3.7M in stock” on May 10, 2018.

Third Avenue Management Llc, which manages about $2.08 billion US Long portfolio, decreased its stake in Weyerhaeuser Company (NYSE:WY) by 311,696 shares to 5.32M shares, valued at $187.73M in 2017Q4, according to the filing. It also reduced its holding in Comerica Inc. (NYSE:CMA) by 301,227 shares in the quarter, leaving it with 546,343 shares, and cut its stake in First Industrial Realty Trust Inc. (NYSE:FR).

Among 22 analysts covering Prosperity Bancshares (NYSE:PB), 4 have Buy rating, 5 Sell and 13 Hold. Therefore 18% are positive. Prosperity Bancshares had 62 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Underperform” rating given on Thursday, November 17 by Wedbush. The stock of Prosperity Bancshares, Inc. (NYSE:PB) has “Sector Perform” rating given on Thursday, January 28 by RBC Capital Markets. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, January 24. SunTrust maintained Prosperity Bancshares, Inc. (NYSE:PB) rating on Thursday, September 28. SunTrust has “Buy” rating and $73.0 target. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, April 28 report. On Thursday, August 20 the stock rating was initiated by Sterne Agee CRT with “Underperform”. The stock has “Market Perform” rating by Hovde Group on Friday, November 18. Keefe Bruyette & Woods maintained Prosperity Bancshares, Inc. (NYSE:PB) rating on Monday, August 28. Keefe Bruyette & Woods has “Hold” rating and $73.0 target. RBC Capital Markets maintained it with “Hold” rating and $71.0 target in Thursday, September 7 report. Keefe Bruyette & Woods upgraded Prosperity Bancshares, Inc. (NYSE:PB) on Thursday, January 28 to “Outperform” rating.

Investors sentiment decreased to 1.22 in 2017 Q4. Its down 0.08, from 1.3 in 2017Q3. It dived, as 25 investors sold RYN shares while 68 reduced holdings. 37 funds opened positions while 76 raised stakes. 105.35 million shares or 0.29% less from 105.65 million shares in 2017Q3 were reported. D E Shaw & Com Inc reported 7,144 shares or 0% of all its holdings. Voya Inv Mngmt Limited Liability has invested 0% of its portfolio in Rayonier Inc. (NYSE:RYN). Advantus Capital Mngmt Inc accumulated 15,880 shares. State Street Corporation has 3.61 million shares. Shell Asset Mngmt Company holds 36,887 shares or 0.02% of its portfolio. Vident Investment Advisory Ltd Liability invested in 0.02% or 11,840 shares. Grace And White owns 133,026 shares. Millennium Mgmt Ltd Co owns 41,360 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Rayonier Inc. (NYSE:RYN). State Of New Jersey Common Pension Fund D holds 50,000 shares or 0.01% of its portfolio. Asset Mngmt One Communications Ltd has invested 0% in Rayonier Inc. (NYSE:RYN). Moreover, Schwab Charles Management has 0.02% invested in Rayonier Inc. (NYSE:RYN). Fifth Third Bankshares owns 1,836 shares for 0% of their portfolio. Evercore Wealth Mgmt Ltd Liability Corp invested 0.02% in Rayonier Inc. (NYSE:RYN). Rafferty Asset Mgmt Llc, a New York-based fund reported 28,064 shares.

Among 8 analysts covering Rayonier (NYSE:RYN), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Rayonier had 24 analyst reports since August 6, 2015 according to SRatingsIntel. DA Davidson downgraded Rayonier Inc. (NYSE:RYN) on Friday, February 10 to “Neutral” rating. The stock of Rayonier Inc. (NYSE:RYN) has “Buy” rating given on Wednesday, July 26 by BMO Capital Markets. The rating was maintained by BMO Capital Markets on Thursday, June 22 with “Buy”. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, August 14 report. The stock of Rayonier Inc. (NYSE:RYN) has “Outperform” rating given on Tuesday, May 8 by Raymond James. Vertical Research upgraded the stock to “Buy” rating in Friday, May 26 report. RBC Capital Markets maintained it with “Hold” rating and $30.0 target in Thursday, January 11 report. The stock of Rayonier Inc. (NYSE:RYN) has “Outperform” rating given on Monday, January 9 by Raymond James. RBC Capital Markets maintained Rayonier Inc. (NYSE:RYN) on Friday, February 9 with “Hold” rating. On Friday, August 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

Rayonier Inc. (NYSE:RYN) Institutional Positions Chart

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