Fuller & Thaler Asset Management Inc. Grows Stock Position in Rayonier Inc. $RYN

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 Rayonier Inc. (NYSE:RYN - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,042,231 shares of the real estate investment trust's stock after acquiring an additional 39,384 shares during the period. 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 (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new position in shares of Rayonier during the 1st quarter valued at about $28,000. Elequin Capital LP purchased a new position in shares of Rayonier during the 1st quarter valued at about $30,000. Parallel Advisors LLC raised its stake in shares of Rayonier by 133.5% during the 1st 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 during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Rayonier during the 1st quarter valued at about $32,000. Finally, Byrne Asset Management LLC purchased a new position in shares of Rayonier during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 89.12% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RYN shares. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their price target on Rayonier from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Finally, Citigroup lifted their price target on Rayonier from $26.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $28.00.

Rayonier Price Performance

Shares of Rayonier stock traded up $0.5130 on Friday, hitting $27.1330. The company's stock had a trading volume of 951,345 shares, compared to its average volume of 1,075,099. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.38 and a current ratio of 3.50. Rayonier Inc. has a 1 year low of $21.84 and a 1 year high of $32.88. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 5.48 and a beta of 1.00. The firm has a fifty day moving average price of $24.00 and a 200-day moving average price of $24.82.

Rayonier (NYSE:RYN - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $95.30 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.Rayonier's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. As a group, 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. 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 4.0%. The ex-dividend date is Tuesday, September 16th. Rayonier's payout ratio is currently 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.