Rayonier Inc. $RYN Shares Sold by Amundi

Key Points

• Amundi reduced its Rayonier stake by 29.8% in the first quarter, selling 47,527 shares and retaining 111,812 shares valued at approximately $2.3 million. Institutional investors collectively own 89.12% of the company.
• Rayonier reported strong second-quarter revenue of $396.5 million, up 272.3% year over year, while adjusted EPS of $0.10 met expectations. Management also forecast 2026 real-estate adjusted EBITDA of $180 million to $200 million.
• Analyst sentiment remains cautious, with the stock carrying an average “Hold” rating and a $24.60 average price target. Rayonier declared a quarterly dividend of $0.26 per share, representing a 4.8% yield.

Amundi decreased its holdings in Rayonier Inc. (NYSE:RYN - Free Report) by 29.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,812 shares of the real estate investment trust's stock after selling 47,527 shares during the quarter. Amundi's holdings in Rayonier were worth $2,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RYN. Parvin Asset Management LLC boosted its position in shares of Rayonier by 28.6% in the first quarter. Parvin Asset Management LLC now owns 52,813 shares of the real estate investment trust's stock worth $1,089,000 after acquiring an additional 11,738 shares during the last quarter. Adelante Capital Management LLC acquired a new position in shares of Rayonier in the 1st quarter valued at $1,627,000. California State Teachers Retirement System grew its stake in shares of Rayonier by 124.2% during the 1st quarter. California State Teachers Retirement System now owns 337,049 shares of the real estate investment trust's stock valued at $6,950,000 after buying an additional 186,683 shares during the period. Royal Bank of Canada grew its stake in shares of Rayonier by 111.8% during the 1st quarter. Royal Bank of Canada now owns 592,576 shares of the real estate investment trust's stock valued at $12,219,000 after buying an additional 312,834 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Rayonier during the 1st quarter worth $246,000. Institutional investors and hedge funds own 89.12% of the company's stock.

Key Headlines Impacting Rayonier

Here are the key news stories impacting Rayonier this week:

• Positive Sentiment: Rayonier reported second-quarter revenue of $396.5 million, up 272.3% year over year and above analyst expectations of approximately $374 million. Adjusted earnings of $0.10 per share met consensus and improved from $0.06 a year earlier. Rayonier Q2 Earnings Report
• Positive Sentiment: Management forecast 2026 real-estate adjusted EBITDA of $180 million to $200 million and expects southern harvest volumes of 12.2 million to 12.5 million tons, signaling stronger contribution from the company’s real-estate and timber operations. Rayonier 2026 Outlook
• Positive Sentiment: The company completed a portfolio swap involving the sale of about 36,000 Washington timberland acres for $145 million and the acquisition of approximately 57,000 acres in Alabama and Texas for $146 million. The transactions are intended to improve geographic positioning and portfolio quality with minimal net cash outlay. Rayonier Timberland Transactions
• Neutral Sentiment: Management highlighted post-merger upside and continued portfolio optimization on the earnings call, but investors may wait for evidence that the transactions and expanded timberland base translate into sustained cash-flow growth. Rayonier Earnings Call Highlights
• Negative Sentiment: Despite substantial revenue growth, reported net income attributable to common shareholders was $19.1 million, and some third-party data showed diluted EPS below an alternate consensus estimate. The conflicting earnings figures likely contributed to cautious trading. Two recent insider transactions were also sales, including a sizable sale by Executive Chairman Eric Cremers.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial cut their target price on Rayonier from $25.00 to $24.00 and set a "hold" rating on the stock in a research report on Wednesday, July 15th. Royal Bank Of Canada set a $24.00 price target on Rayonier in a research report on Thursday, April 16th. Citigroup dropped their price target on Rayonier from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, May 13th. Weiss Ratings lowered Rayonier from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, May 12th. Finally, BMO Capital Markets decreased their price objective on shares of Rayonier from $26.00 to $25.00 and set a "market perform" rating for the company in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $24.60.

Rayonier Price Performance

Shares of RYN stock opened at $21.46 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.53 and a quick ratio of 2.21. The firm has a market cap of $6.45 billion, a P/E ratio of 47.70 and a beta of 0.87. Rayonier Inc. has a 1-year low of $19.49 and a 1-year high of $27.33. The firm has a fifty day moving average of $21.39 and a two-hundred day moving average of $21.43.

Rayonier (NYSE:RYN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Rayonier had a return on equity of 4.01% and a net margin of 7.83%.The firm had revenue of $396.50 million for the quarter, compared to analysts' expectations of $374.28 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Rayonier's revenue for the quarter was up 272.3% compared to the same quarter last year. As a group, research analysts anticipate that Rayonier Inc. will post 0.39 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Rayonier's dividend payout ratio is currently 231.11%.

Rayonier Profile

Rayonier, Inc NYSE: RYN is a publicly traded real estate investment trust specializing in timberland ownership and management. The company's core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier's timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.

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