BNP Paribas Financial Markets Lowers Holdings in Rayonier Inc. (NYSE:RYN)

BNP Paribas Financial Markets cut its position in Rayonier Inc. (NYSE:RYN - Free Report) by 27.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,233 shares of the real estate investment trust's stock after selling 43,897 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Rayonier worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in Rayonier by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,993 shares of the real estate investment trust's stock worth $522,000 after purchasing an additional 442 shares in the last quarter. UMB Bank n.a. lifted its stake in Rayonier by 59.7% in the 4th quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 525 shares in the last quarter. Covestor Ltd lifted its stake in Rayonier by 30.0% in the 4th quarter. Covestor Ltd now owns 2,317 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 535 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Rayonier by 36.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,186 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 857 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Rayonier in the 4th quarter worth $25,000. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Price Performance

Shares of NYSE:RYN opened at $24.05 on Friday. 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 one year low of $22.80 and a one year high of $31.29. The company's fifty day moving average price is $25.51 and its 200-day moving average price is $27.08. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 10.19 and a beta of 1.07.

Rayonier (NYSE:RYN - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $152.99 million. During the same period in the prior year, the business posted $0.01 EPS. Rayonier's revenue for the quarter was down 27.1% on a year-over-year basis. On average, equities research analysts anticipate that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RYN shares. Royal Bank of Canada decreased their price target on shares of Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. StockNews.com raised shares of Rayonier from a "sell" rating to a "hold" rating in a report on Tuesday. Raymond James raised shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Wednesday, March 12th. Finally, Truist Financial decreased their price target on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Rayonier presently has an average rating of "Hold" and a consensus price target of $27.50.

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.

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