International Assets Investment Management LLC Increases Stock Holdings in Rayonier Inc. (NYSE:RYN)

International Assets Investment Management LLC lifted its stake in shares of Rayonier Inc. (NYSE:RYN) by 3,118.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,991 shares of the real estate investment trust’s stock after buying an additional 16,463 shares during the quarter. International Assets Investment Management LLC’s holdings in Rayonier were worth $528,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of RYN. V Square Quantitative Management LLC purchased a new stake in shares of Rayonier during the 3rd quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new stake in shares of Rayonier during the 1st quarter valued at about $26,000. GAMMA Investing LLC raised its holdings in shares of Rayonier by 53.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 376 shares during the period. Quest Partners LLC purchased a new stake in shares of Rayonier during the 2nd quarter valued at about $40,000. Finally, Blue Trust Inc. raised its holdings in shares of Rayonier by 539.9% during the 3rd quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,042 shares during the period. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. Truist Financial boosted their price objective on Rayonier from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th.

Insider Transactions at Rayonier

In other news, Director V. Larkin Martin sold 10,011 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the sale, the director now directly owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by insiders.

Rayonier Trading Up 1.0 %

NYSE:RYN opened at $31.70 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.98 and a quick ratio of 1.78. Rayonier Inc. has a 12-month low of $27.40 and a 12-month high of $35.29. The business has a 50 day simple moving average of $31.47 and a 200 day simple moving average of $30.28. The firm has a market capitalization of $4.72 billion, a P/E ratio of 31.68 and a beta of 1.05.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The business had revenue of $173.60 million for the quarter, compared to analyst estimates of $218.86 million. During the same quarter last year, the firm posted $0.05 EPS. The company’s revenue was down 16.9% compared to the same quarter last year. Equities research analysts predict that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s dividend payout ratio is presently 114.00%.

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.