Rayonier Inc. $RYN Shares Purchased by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Rayonier Inc. by 3.9%, owning approximately 1,042,231 shares valued at $29 million, as reported in a recent SEC filing.
• Rayonier declared a quarterly dividend of $0.2725, scheduled for payment to stockholders on September 30th, representing an annualized yield of 4.1%.
• The company's quarterly earnings report showed an EPS of $0.06, surpassing analysts' expectations and indicating a revenue increase of 6.9% year-over-year.

Fuller & Thaler Asset Management Inc. increased its position in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,042,231 shares of the real estate investment trust's stock after acquiring an additional 39,384 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.67% of Rayonier worth $29,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RYN. American National Bank & Trust purchased a new stake in Rayonier in the first quarter valued at $28,000. Elequin Capital LP purchased a new stake in Rayonier in the first quarter valued at $30,000. Parallel Advisors LLC raised its position in 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 purchasing an additional 642 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Rayonier in the first quarter valued at $32,000. Finally, Byrne Asset Management LLC purchased a new stake in Rayonier in the first quarter valued at $38,000. Institutional investors and hedge funds own 89.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RYN. Wall Street Zen raised shares of Rayonier from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Royal Bank Of Canada upped their target price on shares of Rayonier from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Finally, Citigroup upped their target price on shares of Rayonier from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Rayonier presently has a consensus rating of "Hold" and a consensus price target of $28.00.

Rayonier Stock Down 1.2%

Shares of RYN traded down $0.32 during mid-day trading on Monday, hitting $26.79. 158,922 shares of the company's stock were exchanged, compared to its average volume of 1,102,376. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 5.42 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 3.38 and a current ratio of 3.50. The stock's 50-day moving average is $24.00 and its 200-day moving average is $24.81.

Rayonier (NYSE:RYN - Get Free Report) last issued 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 business had revenue of $106.50 million for the quarter, compared to analysts' expectations of $95.30 million. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, sell-side analysts anticipate that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

Rayonier Announces Dividend

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