Nomura Holdings Inc. Makes New Investment in Rayonier Inc. (NYSE:RYN)

Nomura Holdings Inc. bought a new position in Rayonier Inc. (NYSE:RYN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 32,358 shares of the real estate investment trust's stock, valued at approximately $845,000.

Several other institutional investors and hedge funds have also bought and sold shares of RYN. Norges Bank bought a new position in shares of Rayonier in the 4th quarter worth $343,007,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Rayonier by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,372,817 shares of the real estate investment trust's stock worth $88,031,000 after buying an additional 20,126 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Rayonier by 5.8% in the 4th quarter. Legal & General Group Plc now owns 3,107,331 shares of the real estate investment trust's stock worth $81,101,000 after buying an additional 170,087 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Rayonier by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,632,193 shares of the real estate investment trust's stock worth $68,719,000 after buying an additional 39,332 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Rayonier by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,488,802 shares of the real estate investment trust's stock worth $64,958,000 after buying an additional 46,956 shares during the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYN has been the topic of several recent research reports. Raymond James raised shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Wednesday, March 12th. Truist Financial reduced their target price on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada reduced their target price on shares of Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Finally, StockNews.com raised shares of Rayonier from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.50.

Rayonier Price Performance

Shares of Rayonier stock opened at $24.05 on Tuesday. The firm has a market cap of $3.75 billion, a PE ratio of 10.19 and a beta of 1.07. Rayonier Inc. has a 12-month low of $22.80 and a 12-month high of $31.29. The company has a quick ratio of 1.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The company's fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $26.92.

Rayonier (NYSE:RYN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). The firm had revenue of $82.90 million during the quarter, compared to the consensus estimate of $152.99 million. Rayonier had a return on equity of 3.86% and a net margin of 28.44%. Rayonier's revenue was down 27.1% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. As a group, equities analysts expect that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Monday, June 16th. Rayonier's dividend payout ratio (DPR) is presently 46.78%.

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.

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