Nordea Investment Management AB Has $2.68 Million Stake in Rayonier Inc. (NYSE:RYN)

Nordea Investment Management AB lowered its stake in shares of Rayonier Inc. (NYSE:RYNFree Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,494 shares of the real estate investment trust’s stock after selling 532 shares during the period. Nordea Investment Management AB owned approximately 0.05% of Rayonier worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Rayonier by 138.7% during the first quarter. BNP Paribas Financial Markets now owns 161,368 shares of the real estate investment trust’s stock valued at $5,364,000 after purchasing an additional 93,768 shares during the period. Retirement Systems of Alabama increased its position in shares of Rayonier by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 171,307 shares of the real estate investment trust’s stock valued at $5,694,000 after buying an additional 437 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Rayonier by 525.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,551 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 2,143 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Rayonier by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 514,509 shares of the real estate investment trust’s stock valued at $17,102,000 after purchasing an additional 12,971 shares in the last quarter. Finally, CENTRAL TRUST Co grew its position in shares of Rayonier by 5.5% in the 1st quarter. CENTRAL TRUST Co now owns 6,433 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 336 shares during the period. 89.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Rayonier from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price target on shares of Rayonier in a report on Friday, June 14th.

Read Our Latest Research Report on RYN

Rayonier Price Performance

NYSE RYN opened at $27.94 on Thursday. The firm’s 50 day moving average is $29.54 and its 200-day moving average is $31.45. The company has a quick ratio of 2.08, a current ratio of 2.46 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $4.16 billion, a PE ratio of 24.95 and a beta of 1.05. Rayonier Inc. has a 12-month low of $24.84 and a 12-month high of $35.29.

Rayonier (NYSE:RYNGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Rayonier had a net margin of 15.92% and a return on equity of 3.21%. The firm had revenue of $168.10 million for the quarter, compared to analyst estimates of $190.04 million. During the same period in the previous year, the business earned $0.01 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. Equities research analysts anticipate that Rayonier Inc. will post 0.46 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.285 per share. The ex-dividend date was Friday, June 14th. This represents a $1.14 annualized dividend and a yield of 4.08%. Rayonier’s dividend payout ratio (DPR) is presently 101.79%.

Rayonier Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rayonier (NYSE:RYN)

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