Rayonier Inc. $RYN Position Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Rayonier Inc. (NYSE:RYN) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,021 shares of the real estate investment trust’s stock after purchasing an additional 2,430 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rayonier were worth $799,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in Rayonier by 62.2% during the first quarter. Envestnet Asset Management Inc. now owns 22,775 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 8,738 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Rayonier during the 1st quarter valued at $657,000. Cetera Investment Advisers purchased a new position in shares of Rayonier during the 1st quarter valued at $244,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Rayonier by 10.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,703 shares of the real estate investment trust’s stock worth $1,107,000 after acquiring an additional 3,633 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Rayonier by 12.1% in the first quarter. Mackenzie Financial Corp now owns 9,477 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 1,024 shares during the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Rayonier in a research note on Monday, November 17th. Wall Street Zen upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup dropped their price objective on Rayonier from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada lifted their target price on shares of 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.25.

Rayonier Stock Down 1.7%

RYN opened at $21.56 on Tuesday. The firm has a market cap of $3.32 billion, a P/E ratio of 4.35 and a beta of 0.98. 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 business has a 50 day moving average price of $24.18 and a 200 day moving average price of $24.26. Rayonier Inc. has a twelve month low of $21.06 and a twelve month high of $32.74.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The company had revenue of $177.53 million for the quarter, compared to the consensus estimate of $162.82 million. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. Research analysts forecast that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a yield of 5.1%. Rayonier’s payout ratio is currently 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.