18,348 Shares in Rayonier Inc. $RYN Acquired by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has acquired 18,348 shares of Rayonier Inc., worth approximately $512,000, according to their recent SEC filing.
• Rayonier has recently issued a quarterly dividend of $0.2725 per share, representing an annualized yield of 4.1%.
• Analysts have mixed views on Rayonier, with one upgrade to a "hold" rating but a lowered price target from multiple firms; the current consensus rating is "hold" with an average target price of $27.75.

EntryPoint Capital LLC purchased a new position in shares of Rayonier Inc. (NYSE:RYN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,348 shares of the real estate investment trust's stock, valued at approximately $512,000.

Several other hedge funds have also added to or reduced their stakes in RYN. Vanguard Group Inc. increased its stake in Rayonier by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 20,862,953 shares of the real estate investment trust's stock worth $581,659,000 after acquiring an additional 456,363 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Rayonier by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,607,211 shares of the real estate investment trust's stock worth $72,689,000 after acquiring an additional 118,409 shares during the period. Victory Capital Management Inc. increased its stake in Rayonier by 13.8% during the 1st quarter. Victory Capital Management Inc. now owns 2,515,298 shares of the real estate investment trust's stock worth $70,127,000 after acquiring an additional 304,803 shares during the period. Deutsche Bank AG increased its stake in Rayonier by 730.8% during the 4th quarter. Deutsche Bank AG now owns 1,829,422 shares of the real estate investment trust's stock worth $47,748,000 after acquiring an additional 1,609,232 shares during the period. Finally, Northern Trust Corp increased its stake in Rayonier by 2.5% during the 1st quarter. Northern Trust Corp now owns 1,582,227 shares of the real estate investment trust's stock worth $44,112,000 after acquiring an additional 38,704 shares during the period. 89.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RYN has been the topic of a number of recent research reports. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Citigroup lowered their price objective on Rayonier from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Truist Financial lowered their price objective on Rayonier from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, Royal Bank Of Canada raised their price objective on Rayonier from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Rayonier currently has a consensus rating of "Hold" and an average target price of $27.75.

Rayonier Trading Up 1.9%

Shares of RYN stock opened at $26.6360 on Wednesday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 5.38 and a beta of 1.00. Rayonier Inc. has a twelve month low of $21.84 and a twelve month high of $32.88. The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. The stock's fifty day simple moving average is $23.82 and its 200 day simple moving average is $24.80.

Rayonier (NYSE:RYN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The business had revenue of $106.50 million for the quarter, compared to analyst estimates of $95.30 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.Rayonier's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. As a group, sell-side analysts predict that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.2725 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.09 dividend on an annualized basis and a yield of 4.1%. Rayonier's payout ratio is currently 22.02%.

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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