Charles Schwab Investment Management Inc. Has $72.69 Million Stake in Rayonier Inc. $RYN

Charles Schwab Investment Management Inc. lifted its position in Rayonier Inc. (NYSE:RYN - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,607,211 shares of the real estate investment trust's stock after buying an additional 118,409 shares during the period. Charles Schwab Investment Management Inc. owned about 1.67% of Rayonier worth $72,689,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of Montreal Can increased its holdings in Rayonier by 5.2% during the 4th quarter. Bank of Montreal Can now owns 25,333 shares of the real estate investment trust's stock worth $661,000 after purchasing an additional 1,250 shares in the last quarter. Invesco Ltd. grew its holdings 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 acquiring an additional 31,916 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Rayonier in the 4th quarter valued at about $4,281,000. Raymond James Financial Inc. bought a new position in shares of Rayonier in the 4th quarter valued at about $1,455,000. Finally, Treasurer of the State of North Carolina grew its holdings in Rayonier by 5.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,787 shares of the real estate investment trust's stock worth $1,769,000 after purchasing an additional 3,240 shares during the period. Institutional investors own 89.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RYN shares. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada raised their price target on Rayonier from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Citigroup decreased their price target on Rayonier from $27.00 to $26.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Truist Financial cut their target price on Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.75.

Rayonier Price Performance

NYSE RYN traded up $0.01 on Monday, hitting $26.33. 174,750 shares of the company's stock were exchanged, compared to its average volume of 1,109,629. The stock has a 50-day moving average of $23.72 and a 200-day moving average of $24.79. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 5.32 and a beta of 1.00. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37. Rayonier Inc. has a 52 week low of $21.84 and a 52 week high of $32.88.

Rayonier (NYSE:RYN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. The company had revenue of $106.50 million during the quarter, compared to the consensus estimate of $95.30 million. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. Analysts expect that Rayonier Inc. will post 0.55 earnings per share for the current year.

Rayonier Announces Dividend

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