Rayonier Inc. $RYN Shares Acquired by Cwm LLC

Cwm LLC grew its holdings in Rayonier Inc. (NYSE:RYN) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,213 shares of the real estate investment trust’s stock after purchasing an additional 9,468 shares during the period. Cwm LLC’s holdings in Rayonier were worth $1,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Comprehensive Money Management Services LLC lifted its stake in shares of Rayonier by 22.4% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 40,126 shares of the real estate investment trust’s stock valued at $890,000 after purchasing an additional 7,331 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Rayonier during the 2nd quarter worth about $92,000. Inspire Investing LLC lifted its stake in Rayonier by 60.7% during the 2nd quarter. Inspire Investing LLC now owns 19,854 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 7,497 shares in the last quarter. IFP Advisors Inc lifted its stake in Rayonier by 8,272.0% during the 2nd quarter. IFP Advisors Inc now owns 2,093 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in Rayonier by 47.8% during the 2nd quarter. Blair William & Co. IL now owns 13,113 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 4,241 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RYN. Citigroup increased their target price on Rayonier from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Wall Street Zen raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada increased their target price on Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Rayonier in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.00.

Rayonier Price Performance

Shares of NYSE RYN opened at $24.91 on Monday. The stock’s 50-day moving average is $26.18 and its two-hundred day moving average is $24.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.50 and a quick ratio of 3.38. Rayonier Inc. has a 1-year low of $21.84 and a 1-year high of $32.88. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 5.03 and a beta of 0.99.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping 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 company had revenue of $106.50 million for the quarter, compared to the consensus estimate of $95.30 million. During the same quarter in the prior year, the business earned $0.02 EPS. Rayonier’s revenue was up 6.9% on a year-over-year basis. Analysts forecast that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $0.2725 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.4%. Rayonier’s dividend payout ratio is presently 22.02%.

Rayonier 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.