56,820 Shares in Rayonier Inc. $RYN Purchased by Accordant Advisory Group Inc

Accordant Advisory Group Inc acquired a new stake in Rayonier Inc. (NYSE:RYN) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 56,820 shares of the real estate investment trust’s stock, valued at approximately $1,260,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Rayonier by 17.2% in the 2nd quarter. Nordea Investment Management AB now owns 225,389 shares of the real estate investment trust’s stock worth $4,959,000 after buying an additional 33,071 shares during the period. Global Alpha Capital Management Ltd. lifted its position in shares of Rayonier by 22.1% during the second quarter. Global Alpha Capital Management Ltd. now owns 1,700,299 shares of the real estate investment trust’s stock worth $37,713,000 after acquiring an additional 308,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Rayonier by 10.7% during the second 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 in the last quarter. Bayforest Capital Ltd bought a new position in shares of Rayonier in the first quarter worth $558,000. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of Rayonier by 65.6% in the second quarter. Focus Partners Advisor Solutions LLC now owns 15,786 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 6,251 shares in the last quarter. Institutional investors own 89.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RYN. Royal Bank Of Canada increased their price objective on Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Citigroup decreased their price target on Rayonier from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Wall Street Zen raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rayonier in a research note on Monday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.25.

Rayonier Stock Performance

NYSE:RYN opened at $21.34 on Thursday. The stock has a market cap of $3.28 billion, a P/E ratio of 4.31 and a beta of 0.98. The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $24.46 and its two-hundred day moving average price is $24.29. Rayonier Inc. has a twelve month low of $21.06 and a twelve month high of $32.74.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. The company had revenue of $177.53 million during the quarter, compared to analyst estimates of $162.82 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.Rayonier’s revenue was up 43.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. As a group, equities analysts predict that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $0.2725 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 annualized dividend and a dividend yield of 5.1%. Rayonier’s dividend payout ratio (DPR) is 21.63%.

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.