Vanguard Group Inc. Grows Stock Holdings in Rayonier Inc. (NYSE:RYN)

Vanguard Group Inc. grew its holdings in shares of Rayonier Inc. (NYSE:RYN) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 20,862,953 shares of the real estate investment trust’s stock after purchasing an additional 456,363 shares during the period. Vanguard Group Inc. owned approximately 13.37% of Rayonier worth $581,659,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Securian Asset Management Inc. lifted its holdings in shares of Rayonier by 4.6% during the first quarter. Securian Asset Management Inc. now owns 10,603 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 466 shares during the last quarter. Shell Asset Management Co. lifted its holdings in shares of Rayonier by 4.5% during the fourth quarter. Shell Asset Management Co. now owns 11,652 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 497 shares during the last quarter. Hollencrest Capital Management lifted its holdings in shares of Rayonier by 5.1% during the first quarter. Hollencrest Capital Management now owns 10,509 shares of the real estate investment trust’s stock valued at $293,000 after purchasing an additional 509 shares during the last quarter. Hamilton Point Investment Advisors LLC lifted its holdings in shares of Rayonier by 4.5% during the first quarter. Hamilton Point Investment Advisors LLC now owns 13,183 shares of the real estate investment trust’s stock valued at $368,000 after purchasing an additional 563 shares during the last quarter. Finally, Timber Creek Capital Management LLC lifted its holdings in shares of Rayonier by 4.5% during the first quarter. Timber Creek Capital Management LLC now owns 13,957 shares of the real estate investment trust’s stock valued at $389,000 after purchasing an additional 596 shares during the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Price Performance

Shares of NYSE RYN opened at $26.79 on Thursday. Rayonier Inc. has a twelve month low of $21.84 and a twelve month high of $32.88. The firm has a market cap of $4.13 billion, a P/E ratio of 5.41 and a beta of 1.00. The company has a 50 day moving average of $23.60 and a 200 day moving average of $24.81. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.37.

Rayonier (NYSE:RYN) last posted its earnings results 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. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. The business had revenue of $106.50 million during the quarter, compared to the consensus estimate of $95.30 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Rayonier’s payout ratio is 22.02%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on RYN shares. Citigroup decreased their price objective on shares of Rayonier from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 3rd. Truist Financial decreased their price objective on shares of Rayonier from $30.00 to $27.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.