Barclays PLC Purchases 43,916 Shares of Rayonier Inc. (NYSE:RYN)

Barclays PLC boosted its holdings in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 67.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,149 shares of the real estate investment trust's stock after buying an additional 43,916 shares during the period. Barclays PLC owned about 0.07% of Rayonier worth $2,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oak Thistle LLC acquired a new stake in Rayonier during the fourth quarter valued at approximately $467,000. Oppenheimer & Co. Inc. bought a new stake in Rayonier in the fourth quarter valued at $327,000. HighTower Advisors LLC grew its position in Rayonier by 3.4% in the fourth quarter. HighTower Advisors LLC now owns 66,571 shares of the real estate investment trust's stock valued at $1,738,000 after acquiring an additional 2,168 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Rayonier by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,802 shares of the real estate investment trust's stock worth $64,958,000 after acquiring an additional 46,956 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Rayonier by 9.4% in the 4th quarter. Invesco Ltd. now owns 370,474 shares of the real estate investment trust's stock valued at $9,669,000 after purchasing an additional 31,916 shares in the last quarter. Institutional investors own 89.12% of the company's stock.

Analyst Upgrades and Downgrades

RYN has been the subject of a number of recent analyst reports. Citigroup dropped their target price on shares of Rayonier from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada cut their price objective on Rayonier from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Friday. StockNews.com upgraded Rayonier from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Truist Financial cut their price target on Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James raised shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Rayonier presently has a consensus rating of "Hold" and an average price target of $27.50.

Rayonier Trading Down 0.1 %

Shares of NYSE RYN traded down $0.01 during midday trading on Monday, hitting $23.66. The stock had a trading volume of 156,767 shares, compared to its average volume of 813,604. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.85. Rayonier Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $31.29. The firm has a market cap of $3.69 billion, a P/E ratio of 10.03 and a beta of 0.97. The company's 50-day simple moving average is $26.11 and its 200 day simple moving average is $27.53.

Rayonier (NYSE:RYN - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). Rayonier had a net margin of 28.44% and a return on equity of 3.86%. The business had revenue of $82.90 million for the quarter, compared to analyst estimates of $152.99 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business's revenue for the quarter was down 27.1% on a year-over-year basis. Research analysts anticipate that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.2725 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.61%. Rayonier's dividend payout ratio (DPR) is presently 46.19%.

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.