Rayonier Inc. $RYN Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in Rayonier Inc. by 491.7% during the first quarter, owning 47,582 shares valued at approximately $1.33 million.
• Rayonier reported a quarterly earnings of $0.06 per share, exceeding estimates, with revenues of $106.5 million, reflecting a 6.9% year-over-year increase.
• The company declared a quarterly dividend of $0.2725 per share, representing a 4.2% dividend yield with a payout ratio of 22.02%.

Jump Financial LLC raised its stake in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 491.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,582 shares of the real estate investment trust's stock after acquiring an additional 39,541 shares during the quarter. Jump Financial LLC's holdings in Rayonier were worth $1,327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RYN. American National Bank & Trust bought a new stake in Rayonier during the 1st quarter valued at $28,000. Elequin Capital LP bought a new stake in Rayonier during the 1st quarter valued at $30,000. Parallel Advisors LLC boosted its position in 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 acquiring an additional 642 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Rayonier in the 1st quarter worth $32,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Rayonier in the 1st quarter worth $38,000. Institutional investors own 89.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RYN shares. Citigroup raised their price objective on Rayonier from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Royal Bank Of Canada raised their price objective on Rayonier from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Rayonier currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Rayonier Stock Performance

Shares of NYSE RYN traded up $0.04 during trading on Wednesday, reaching $25.85. 88,320 shares of the company traded hands, compared to its average volume of 1,096,746. The firm's fifty day simple moving average is $24.52 and its 200 day simple moving average is $24.86. The stock has a market cap of $3.99 billion, a P/E ratio of 5.23 and a beta of 1.01. Rayonier Inc. has a 12-month low of $21.84 and a 12-month high of $32.88. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37.

Rayonier (NYSE:RYN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The business had revenue of $106.50 million during the quarter, compared to analyst estimates of $95.30 million. During the same quarter last year, the business posted $0.02 EPS. The company's revenue was up 6.9% on a year-over-year basis. As a group, research 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 4.2%. The ex-dividend date is Tuesday, September 16th. Rayonier's payout ratio is currently 22.02%.

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.