Blair William & Co. IL Has $247,000 Position in Rayonier Inc. (NYSE:RYN)

Blair William & Co. IL lowered its position in shares of Rayonier Inc. (NYSE:RYN) by 32.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,872 shares of the real estate investment trust’s stock after selling 4,168 shares during the quarter. Blair William & Co. IL’s holdings in Rayonier were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in Rayonier by 13.8% during the first quarter. Victory Capital Management Inc. now owns 2,515,298 shares of the real estate investment trust’s stock valued at $70,127,000 after purchasing an additional 304,803 shares during the period. Deutsche Bank AG lifted its stake in Rayonier by 730.8% in the fourth quarter. Deutsche Bank AG now owns 1,829,422 shares of the real estate investment trust’s stock valued at $47,748,000 after buying an additional 1,609,232 shares in the last quarter. Northern Trust Corp lifted its stake in Rayonier by 17.9% in the fourth quarter. Northern Trust Corp now owns 1,543,523 shares of the real estate investment trust’s stock valued at $40,286,000 after buying an additional 234,629 shares in the last quarter. Central Securities Corp lifted its stake in Rayonier by 4.5% in the first quarter. Central Securities Corp now owns 1,201,474 shares of the real estate investment trust’s stock valued at $33,497,000 after buying an additional 51,474 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Rayonier by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 1,133,966 shares of the real estate investment trust’s stock valued at $31,615,000 after buying an additional 55,381 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Stock Performance

Shares of RYN stock opened at $26.24 on Wednesday. The company’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $24.80. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. The firm has a market cap of $4.05 billion, a PE ratio of 5.30 and a beta of 1.00. Rayonier Inc. has a 12 month low of $21.84 and a 12 month high of $32.88.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $95.30 million. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Equities research analysts expect that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 16th. Rayonier’s dividend payout ratio is 22.02%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RYN. Wall Street Zen raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial cut their price target on shares of Rayonier from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada lifted their price target on shares of Rayonier from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Finally, Citigroup cut their price target on shares of Rayonier from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.75.

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.