UMB Bank n.a. Decreases Stock Position in Rayonier Inc. $RYN

UMB Bank n.a. lessened its holdings in shares of Rayonier Inc. (NYSE:RYN) by 42.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,612 shares of the real estate investment trust’s stock after selling 1,198 shares during the period. UMB Bank n.a.’s holdings in Rayonier were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RYN. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Rayonier by 10.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 40,364 shares of the real estate investment trust’s stock worth $932,000 after acquiring an additional 3,897 shares during the period. Pallas Capital Advisors LLC grew its stake in Rayonier by 18.3% in the second quarter. Pallas Capital Advisors LLC now owns 21,128 shares of the real estate investment trust’s stock worth $469,000 after purchasing an additional 3,265 shares during the period. Harbor Capital Advisors Inc. grew its stake in Rayonier by 22.1% in the second quarter. Harbor Capital Advisors Inc. now owns 4,802 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 869 shares during the period. Voya Investment Management LLC grew its stake in Rayonier by 2.8% in the first quarter. Voya Investment Management LLC now owns 19,266 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 521 shares during the period. Finally, Lynx Investment Advisory purchased a new stake in Rayonier in the first quarter worth $211,000. 89.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RYN shares. Wall Street Zen raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup upped their price objective on shares of Rayonier from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Finally, Royal Bank Of Canada upped 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Rayonier has a consensus rating of “Hold” and a consensus price target of $28.00.

Rayonier Trading Up 2.0%

NYSE:RYN opened at $26.46 on Friday. The company’s 50 day moving average price is $25.62 and its 200-day moving average price is $24.82. The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. Rayonier Inc. has a 52 week low of $21.84 and a 52 week high of $32.88. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 5.34 and a beta of 1.01.

Rayonier (NYSE:RYN) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The business had revenue of $106.50 million for the quarter, compared to the consensus estimate of $95.30 million. During the same period last year, the business posted $0.02 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 16th. Rayonier’s dividend payout ratio (DPR) is presently 22.02%.

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.