Vanguard Personalized Indexing Management LLC Sells 4,342 Shares of Rayonier Inc. $RYN

Vanguard Personalized Indexing Management LLC trimmed its position in shares of Rayonier Inc. (NYSE:RYN) by 17.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,940 shares of the real estate investment trust’s stock after selling 4,342 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rayonier were worth $442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC increased its stake in Rayonier by 22.4% during the second quarter. Comprehensive Money Management Services LLC now owns 40,126 shares of the real estate investment trust’s stock valued at $890,000 after acquiring an additional 7,331 shares during the period. Trust Co. of Toledo NA OH bought a new position in Rayonier during the second quarter valued at about $92,000. Inspire Investing LLC increased its stake in Rayonier by 60.7% during the second quarter. Inspire Investing LLC now owns 19,854 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 7,497 shares during the period. IFP Advisors Inc grew its stake in shares of Rayonier by 8,272.0% in the 2nd quarter. IFP Advisors Inc now owns 2,093 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,068 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Rayonier by 47.8% in the 2nd quarter. Blair William & Co. IL now owns 13,113 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 4,241 shares during the period. 89.12% of the stock is currently owned by institutional investors.

Rayonier Stock Down 1.5%

NYSE:RYN opened at $24.34 on Thursday. The stock’s fifty day moving average price is $26.07 and its two-hundred day moving average price is $24.58. Rayonier Inc. has a 52-week low of $21.84 and a 52-week high of $32.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.38 and a current ratio of 3.50. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 4.92 and a beta of 0.99.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share (EPS) 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 firm 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. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts anticipate that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.5%. Rayonier’s dividend payout ratio is 22.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RYN shares. Citigroup upped their price objective on Rayonier from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Wall Street Zen upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rayonier in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada upped their price objective on Rayonier from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.00.

About Rayonier

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.