EntryPoint Capital LLC Buys New Shares in Rayonier Inc. $RYN

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 acquired a new stake in Rayonier Inc. (NYSE:RYN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,348 shares of the real estate investment trust's stock, valued at approximately $512,000.

Several other hedge funds have also recently added to or reduced their stakes in RYN. American National Bank & Trust acquired a new position in shares of Rayonier during the 1st quarter worth about $28,000. Elequin Capital LP bought a new position in Rayonier during the 1st quarter worth approximately $30,000. Parallel Advisors LLC grew its holdings in Rayonier by 133.5% during the first quarter. Parallel Advisors LLC now owns 1,123 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 642 shares during the period. GKV Capital Management Co. Inc. acquired a new position in Rayonier during the first quarter valued at approximately $32,000. Finally, Byrne Asset Management LLC bought a new stake in Rayonier in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 89.12% of the company's stock.

Rayonier Stock Down 0.9%

Shares of RYN stock traded down $0.25 on Monday, hitting $26.86. 205,642 shares of the stock were exchanged, compared to its average volume of 1,102,698. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.14 billion, a P/E ratio of 5.43 and a beta of 1.00. Rayonier Inc. has a fifty-two week low of $21.84 and a fifty-two week high of $32.88. The business has a 50-day moving average of $24.00 and a 200 day moving average of $24.81.

Rayonier (NYSE:RYN - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The firm had revenue of $106.50 million for the quarter, compared to analysts' expectations of $95.30 million. During the same quarter in the previous year, the business posted $0.02 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RYN. Wall Street Zen raised shares of Rayonier from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada boosted their target price on Rayonier from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Finally, Citigroup raised their price target on Rayonier from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Rayonier has a consensus rating of "Hold" and an average price target of $28.00.

About Rayonier

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.