Crossmark Global Holdings Inc. Boosts Stock Holdings in Rayonier Inc. (NYSE:RYN)

Crossmark Global Holdings Inc. boosted its stake in Rayonier Inc. (NYSE:RYN - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 329,787 shares of the real estate investment trust's stock after purchasing an additional 39,002 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.21% of Rayonier worth $9,194,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in Rayonier in the fourth quarter worth $25,000. American National Bank & Trust bought a new position in shares of Rayonier in the first quarter valued at $28,000. Parallel Advisors LLC lifted its stake in shares of Rayonier by 133.5% in the first quarter. Parallel Advisors LLC now owns 1,123 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 642 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of Rayonier in the first quarter valued at $38,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Rayonier by 264.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,677 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,217 shares in the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.

Rayonier Stock Down 0.1%

Shares of RYN traded down $0.02 during trading hours on Friday, reaching $23.51. 790,734 shares of the stock traded hands, compared to its average volume of 917,072. The company has a current ratio of 2.71, a quick ratio of 2.60 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $23.29 and a 200 day simple moving average of $25.10. Rayonier Inc. has a 52 week low of $21.84 and a 52 week high of $31.29. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 10.09 and a beta of 1.02.

Rayonier (NYSE:RYN - Get Free Report) last released its quarterly earnings results 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). Rayonier had a net margin of 30.09% and a return on equity of 3.29%. The firm had revenue of $82.90 million for the quarter, compared to the consensus estimate of $152.99 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm's revenue for the quarter was down 27.1% on a year-over-year basis. On average, equities analysts forecast that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.2725 per share. The ex-dividend date was Monday, June 16th. This represents a $1.09 dividend on an annualized basis and a yield of 4.64%. Rayonier's dividend payout ratio (DPR) is presently 46.78%.

Analyst Ratings Changes

RYN has been the topic of a number of recent research reports. Wall Street Zen raised shares of Rayonier from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Truist Financial dropped their price objective on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada dropped their price objective on shares of Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Finally, Citigroup dropped their price objective on shares of Rayonier from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Rayonier has an average rating of "Hold" and a consensus price target of $27.75.

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.