Independent Advisor Alliance Purchases New Stake in Rayonier Inc. (NYSE:RYN)

Independent Advisor Alliance purchased a new stake in Rayonier Inc. (NYSE:RYN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,927 shares of the real estate investment trust’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RYN. Russell Investments Group Ltd. increased its holdings in shares of Rayonier by 1,201.1% in the fourth quarter. Russell Investments Group Ltd. now owns 259,199 shares of the real estate investment trust’s stock valued at $8,660,000 after purchasing an additional 239,278 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Rayonier by 2.7% in the 3rd quarter. Victory Capital Management Inc. now owns 3,965,573 shares of the real estate investment trust’s stock worth $112,860,000 after acquiring an additional 105,884 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its holdings in shares of Rayonier by 66.2% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 228,879 shares of the real estate investment trust’s stock worth $6,514,000 after acquiring an additional 91,141 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rayonier by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,337,632 shares of the real estate investment trust’s stock worth $78,100,000 after acquiring an additional 75,749 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Rayonier by 669.4% in the 4th quarter. BNP Paribas Financial Markets now owns 67,600 shares of the real estate investment trust’s stock worth $2,259,000 after acquiring an additional 58,814 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Rayonier from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Friday, February 2nd. TheStreet raised shares of Rayonier from a “c+” rating to a “b-” rating in a research note on Friday, February 16th. Finally, StockNews.com downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating, According to MarketBeat, Rayonier has a consensus rating of “Hold” and an average target price of $34.50.

Rayonier Trading Down 1.2 %

NYSE RYN opened at $29.88 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.46 and a quick ratio of 2.08. The firm’s fifty day moving average price is $31.20 and its 200 day moving average price is $31.87. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 26.68 and a beta of 1.09. Rayonier Inc. has a 12 month low of $24.84 and a 12 month high of $35.29.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $168.10 million during the quarter, compared to analysts’ expectations of $190.04 million. Rayonier had a net margin of 15.92% and a return on equity of 3.21%. Rayonier’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. On average, sell-side analysts expect that Rayonier Inc. will post 0.47 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, June 14th. Rayonier’s payout ratio is 101.79%.

Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.