Nomura Holdings Inc. Invests $845,000 in Rayonier Inc. (NYSE:RYN)

Nomura Holdings Inc. acquired a new position in shares of Rayonier Inc. (NYSE:RYN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 the company. Millennium Management LLC boosted its holdings in Rayonier by 253.3% in the 4th quarter. Millennium Management LLC now owns 1,094,880 shares of the real estate investment trust's stock valued at $28,576,000 after purchasing an additional 784,955 shares during the period. First Manhattan CO. LLC. increased its holdings in shares of Rayonier by 28.5% in the fourth quarter. First Manhattan CO. LLC. now owns 10,395 shares of the real estate investment trust's stock worth $271,000 after buying an additional 2,306 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Rayonier by 12.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 114,613 shares of the real estate investment trust's stock worth $2,991,000 after buying an additional 12,700 shares during the period. Deutsche Bank AG grew its holdings in shares of Rayonier by 730.8% in the fourth quarter. Deutsche Bank AG now owns 1,829,422 shares of the real estate investment trust's stock worth $47,748,000 after purchasing an additional 1,609,232 shares during the last quarter. Finally, CoreCommodity Management LLC grew its holdings in shares of Rayonier by 9.3% in the fourth quarter. CoreCommodity Management LLC now owns 13,567 shares of the real estate investment trust's stock worth $354,000 after purchasing an additional 1,157 shares during the last quarter. 89.12% of the stock is owned by institutional investors.

Rayonier Stock Performance

NYSE RYN traded down $0.03 on Friday, hitting $23.31. 569,491 shares of the company's stock traded hands, compared to its average volume of 853,883. The firm's 50-day moving average price is $25.04 and its two-hundred day moving average price is $26.70. The firm has a market capitalization of $3.63 billion, a PE ratio of 9.88 and a beta of 1.07. Rayonier Inc. has a 1-year low of $22.80 and a 1-year high of $31.29. The company has a current ratio of 1.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61.

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

Rayonier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.09 annualized dividend and a dividend yield of 4.68%. Rayonier's dividend payout ratio (DPR) is 46.78%.

Analyst Ratings Changes

Several research firms recently weighed in on RYN. Royal Bank of Canada dropped their price target on Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Truist Financial reduced their price objective on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Rayonier from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Raymond James raised shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Rayonier presently has a consensus rating of "Hold" and a consensus target price of $27.50.

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.