Bollard Group LLC Has $201,000 Stake in Rayonier Inc. $RYN

Bollard Group LLC reduced its position in Rayonier Inc. (NYSE:RYN) by 73.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,766 shares of the real estate investment trust’s stock after selling 27,276 shares during the period. Bollard Group LLC’s holdings in Rayonier were worth $201,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Rayonier by 65.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 627 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Rayonier during the fourth quarter worth about $34,000. Bayban acquired a new stake in shares of Rayonier in the 1st quarter worth about $36,000. Hartford Financial Management Inc. raised its holdings in shares of Rayonier by 49.7% in the 4th quarter. Hartford Financial Management Inc. now owns 1,732 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 575 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in Rayonier by 74.0% in the 1st quarter. Whittier Trust Co. now owns 2,279 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 969 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Stock Up 1.3%

Rayonier stock opened at $21.59 on Friday. Rayonier Inc. has a fifty-two week low of $19.49 and a fifty-two week high of $27.33. The stock has a market cap of $6.49 billion, a PE ratio of 7.15 and a beta of 0.88. The firm’s 50-day simple moving average is $21.14 and its 200 day simple moving average is $21.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.21 and a current ratio of 2.53.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Rayonier had a net margin of 68.61% and a return on equity of 3.61%. The firm had revenue of $276.79 million during the quarter, compared to analyst estimates of $280.92 million. During the same quarter last year, the business posted ($0.02) EPS. The company’s revenue for the quarter was up 233.9% on a year-over-year basis. Research analysts predict that Rayonier Inc. will post 0.36 EPS for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.04 annualized dividend and a dividend yield of 4.8%. Rayonier’s dividend payout ratio is currently 34.44%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RYN shares. BMO Capital Markets cut their price target on Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Tuesday, May 19th. Citigroup lowered their price objective on Rayonier from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings lowered Rayonier from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen raised Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Truist Financial decreased their price target on Rayonier from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.60.

Rayonier Profile

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.