Deutsche Bank AG Boosts Holdings in Rayonier Inc. (NYSE:RYN)

Deutsche Bank AG raised its holdings in Rayonier Inc. (NYSE:RYN - Free Report) by 730.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,829,422 shares of the real estate investment trust's stock after purchasing an additional 1,609,232 shares during the quarter. Deutsche Bank AG owned 1.23% of Rayonier worth $47,748,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd purchased a new position in shares of Rayonier during the 4th quarter valued at approximately $25,000. UMB Bank n.a. increased its holdings in shares of Rayonier by 59.7% during the 4th quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 525 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Rayonier by 264.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,677 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 1,217 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Rayonier by 41.8% during the 4th quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 511 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Rayonier by 30.0% during the 4th quarter. Covestor Ltd now owns 2,317 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 535 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

Rayonier Stock Down 0.9%

RYN stock opened at $23.90 on Wednesday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 10.13 and a beta of 1.07. The firm has a 50-day simple moving average of $25.65 and a 200-day simple moving average of $27.15. The company has a quick ratio of 1.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. Rayonier Inc. has a 52 week low of $22.80 and a 52 week high of $31.29.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Rayonier from a "sell" rating to a "hold" rating in a research report on Tuesday. Truist Financial lowered their price target on Rayonier from $30.00 to $27.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Citigroup lowered their price target on Rayonier from $32.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Raymond James upgraded Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada lowered their price target on Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $27.50.

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.

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