Rayonier Inc. (NYSE:RYN) is Teramo Advisors LLC's 2nd Largest Position

Teramo Advisors LLC lessened its position in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 45.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,720 shares of the real estate investment trust's stock after selling 144,280 shares during the quarter. Rayonier makes up about 2.0% of Teramo Advisors LLC's holdings, making the stock its 2nd largest position. Teramo Advisors LLC owned about 0.11% of Rayonier worth $4,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in RYN. Securian Asset Management Inc. raised its stake in Rayonier by 4.6% in the 1st quarter. Securian Asset Management Inc. now owns 10,603 shares of the real estate investment trust's stock valued at $296,000 after purchasing an additional 466 shares during the last quarter. Shell Asset Management Co. raised its stake in Rayonier by 4.5% in the 4th quarter. Shell Asset Management Co. now owns 11,652 shares of the real estate investment trust's stock valued at $304,000 after purchasing an additional 497 shares during the last quarter. Hollencrest Capital Management raised its stake in Rayonier by 5.1% in the 1st quarter. Hollencrest Capital Management now owns 10,509 shares of the real estate investment trust's stock valued at $293,000 after purchasing an additional 509 shares during the last quarter. Covestor Ltd raised its stake in Rayonier by 30.0% in the 4th quarter. Covestor Ltd now owns 2,317 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 535 shares during the last quarter. Finally, Timber Creek Capital Management LLC raised its stake in Rayonier by 4.5% in the 1st quarter. Timber Creek Capital Management LLC now owns 13,957 shares of the real estate investment trust's stock valued at $389,000 after purchasing an additional 596 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company's stock.

Rayonier Trading Up 1.1%

Rayonier stock traded up $0.26 during trading on Friday, hitting $24.12. The company's stock had a trading volume of 864,892 shares, compared to its average volume of 1,168,851. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 10.35 and a beta of 1.02. The stock's fifty day moving average is $23.32 and its 200 day moving average is $24.93. Rayonier Inc. has a 1-year low of $21.84 and a 1-year high of $32.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.60 and a current ratio of 2.71.

Rayonier (NYSE:RYN - Get Free Report) last posted 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). Rayonier had a net margin of 30.09% and a return on equity of 3.29%. The firm had revenue of $82.90 million for the quarter, compared to analysts' expectations of $152.99 million. During the same period last year, the firm posted $0.01 EPS. Rayonier's revenue was down 27.1% on a year-over-year basis. As a group, equities research analysts predict that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, September 16th. Rayonier's dividend payout ratio (DPR) is presently 46.78%.

Analyst Ratings Changes

Several brokerages recently weighed in on RYN. Truist Financial cut their target price on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Citigroup dropped their target price on Rayonier from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Finally, Royal Bank Of Canada dropped their target price on Rayonier from $28.00 to $27.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.75.

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.