Comprehensive Money Management Services LLC Acquires Shares of 25,689 Rayonier Inc. (NYSE:RYN)

Comprehensive Money Management Services LLC acquired a new stake in shares of Rayonier Inc. (NYSE:RYN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,689 shares of the real estate investment trust's stock, valued at approximately $670,000.

A number of other hedge funds also recently bought and sold shares of RYN. PharVision Advisers LLC bought a new stake in Rayonier during the fourth quarter valued at about $494,000. Waverly Advisors LLC bought a new stake in Rayonier during the fourth quarter valued at about $406,000. Squarepoint Ops LLC grew its holdings in Rayonier by 881.3% during the fourth quarter. Squarepoint Ops LLC now owns 8,258 shares of the real estate investment trust's stock valued at $216,000 after purchasing an additional 9,315 shares during the period. Westwood Holdings Group Inc. bought a new stake in Rayonier during the fourth quarter valued at about $3,654,000. Finally, Two Sigma Advisers LP bought a new stake in Rayonier during the fourth quarter valued at about $1,569,000. Hedge funds and other institutional investors own 89.12% of the company's stock.

Rayonier Price Performance

Shares of NYSE:RYN traded down $0.05 during mid-day trading on Friday, reaching $23.73. The stock had a trading volume of 1,551,841 shares, compared to its average volume of 867,052. The company has a current ratio of 1.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61. The company has a market cap of $3.70 billion, a P/E ratio of 10.06 and a beta of 1.07. Rayonier Inc. has a 1 year low of $22.80 and a 1 year high of $31.29. The business's 50 day moving average price is $24.61 and its 200 day moving average price is $26.51.

Rayonier (NYSE:RYN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) EPS 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 return on equity of 3.86% and a net margin of 28.44%. Rayonier's quarterly revenue was down 27.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Research analysts expect that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.2725 per share. The ex-dividend date is Monday, June 16th. This represents a $1.09 dividend on an annualized basis and a yield of 4.59%. Rayonier's dividend payout ratio (DPR) is presently 46.78%.

Analyst Upgrades and Downgrades

RYN has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price objective on Rayonier from $28.00 to $27.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Truist Financial dropped their price objective on Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen raised Rayonier from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Raymond James raised Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Rayonier currently has a consensus 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.