Edmond DE Rothschild Holding S.A. Takes Position in Rayonier Inc. $RYN

Key Points

• Edmond DE Rothschild Holding S.A. acquired 605,000 Rayonier shares in the second quarter, valued at approximately $12.9 million and representing 0.20% of the timberland REIT.
• Institutional ownership remains high at 89.12%, with several funds—including UBS, Bank of America, and Vestcor—also increasing their positions.
• Analysts maintain a generally neutral outlook, with an average “Hold” rating and a $24.80 price target. Rayonier reported revenue growth of 272.3% year over year and declared a $0.26 quarterly dividend, yielding about 4.9%.

Edmond DE Rothschild Holding S.A. bought a new position in shares of Rayonier Inc. (NYSE:RYN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 605,000 shares of the real estate investment trust's stock, valued at approximately $12,874,000. Edmond DE Rothschild Holding S.A. owned 0.20% of Rayonier as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fieldview Capital Management LLC purchased a new position in shares of Rayonier in the 4th quarter valued at about $1,936,000. UBS Group AG lifted its stake in Rayonier by 882.5% during the fourth quarter. UBS Group AG now owns 496,024 shares of the real estate investment trust's stock worth $10,739,000 after purchasing an additional 445,538 shares during the last quarter. Bank of America Corp DE lifted its stake in Rayonier by 141.8% during the first quarter. Bank of America Corp DE now owns 1,620,769 shares of the real estate investment trust's stock worth $33,420,000 after purchasing an additional 950,473 shares during the last quarter. World Investment Advisors acquired a new position in Rayonier in the first quarter valued at approximately $6,980,000. Finally, Vestcor Inc boosted its holdings in Rayonier by 3,590.1% in the fourth quarter. Vestcor Inc now owns 128,231 shares of the real estate investment trust's stock valued at $2,776,000 after purchasing an additional 124,756 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup lifted their target price on Rayonier from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. BMO Capital Markets dropped their price target on Rayonier from $26.00 to $25.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 19th. Truist Financial cut their price target on Rayonier from $25.00 to $24.00 and set a "hold" rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Rayonier in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $24.80.

Rayonier Trading Up 3.1%

Shares of Rayonier stock opened at $21.42 on Thursday. Rayonier Inc. has a 1 year low of $19.49 and a 1 year high of $27.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.91 and a current ratio of 3.56. The company has a market capitalization of $6.37 billion, a P/E ratio of 47.60 and a beta of 0.87. The company's fifty day moving average is $21.50 and its two-hundred day moving average is $21.29.

Rayonier (NYSE:RYN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 EPS for the quarter, meeting analysts' consensus estimates of $0.10. Rayonier had a net margin of 7.83% and a return on equity of 3.49%. The company had revenue of $396.51 million for the quarter, compared to analyst estimates of $374.28 million. During the same period in the previous year, the business posted $0.06 earnings per share. Rayonier's quarterly revenue was up 272.3% on a year-over-year basis. Analysts forecast that Rayonier Inc. will post 0.42 earnings per share for the current year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.04 annualized dividend and a yield of 4.9%. Rayonier's dividend payout ratio is currently 231.11%.

Rayonier Company Profile

Rayonier, Inc NYSE: RYN is a publicly traded real estate investment trust specializing in timberland ownership and management. The company's core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier's timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.

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