Russell Investments Group Ltd. Lowers Position in Rayonier Inc. (NYSE:RYN)

Russell Investments Group Ltd. cut its stake in Rayonier Inc. (NYSE:RYN – Get Rating) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,095 shares of the real estate investment trust’s stock after selling 14,394 shares during the period. Russell Investments Group Ltd.’s holdings in Rayonier were worth $1,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RYN. Utah Retirement Systems grew its position in Rayonier by 4.0% in the 3rd quarter. Utah Retirement Systems now owns 7,714 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 300 shares during the period. CENTRAL TRUST Co grew its position in Rayonier by 5.2% in the 3rd quarter. CENTRAL TRUST Co now owns 6,097 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 300 shares during the period. Yousif Capital Management LLC grew its position in Rayonier by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 75,139 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 309 shares during the period. Ronald Blue Trust Inc. grew its position in Rayonier by 50.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 938 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 314 shares during the period. Finally, Lantz Financial LLC grew its position in Rayonier by 0.8% in the 4th quarter. Lantz Financial LLC now owns 40,627 shares of the real estate investment trust’s stock worth $1,339,000 after purchasing an additional 332 shares during the period. 82.87% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Trading Down 1.2 %

Shares of RYN stock opened at $29.55 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.94 and a quick ratio of 1.62. Rayonier Inc. has a 1 year low of $27.81 and a 1 year high of $42.05. The firm has a fifty day moving average price of $31.61 and a 200-day moving average price of $33.52. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 50.95 and a beta of 0.96.

Rayonier (NYSE:RYN – Get Rating) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Rayonier had a net margin of 9.94% and a return on equity of 3.44%. The firm had revenue of $179.10 million for the quarter, compared to analysts’ expectations of $210.13 million. During the same quarter last year, the firm posted $0.20 EPS. The firm’s quarterly revenue was down 19.3% compared to the same quarter last year. As a group, equities analysts predict that Rayonier Inc. will post 0.36 earnings per share for the current year.

Rayonier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Thursday, June 15th. Rayonier’s dividend payout ratio (DPR) is 196.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TheStreet downgraded shares of Rayonier from a “b-” rating to a “c+” rating in a research report on Thursday, May 11th. Truist Financial assumed coverage on shares of Rayonier in a research report on Monday, May 15th. They set a “hold” rating and a $33.00 price objective for the company. StockNews.com assumed coverage on shares of Rayonier in a research report on Thursday, May 18th. They set a “sell” rating for the company. Finally, Citigroup cut their price objective on shares of Rayonier from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, April 6th.

About Rayonier

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Rayonier, Inc is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, Timber Funds and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography.