Rayonier Inc. $RYN Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 493,716 shares of the real estate investment trust's stock after selling 124,269 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.32% of Rayonier worth $10,707,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RYN. Royal Bank of Canada grew its position in shares of Rayonier by 29.6% during the first quarter. Royal Bank of Canada now owns 159,116 shares of the real estate investment trust's stock worth $4,436,000 after buying an additional 36,344 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Rayonier in the first quarter valued at $501,000. United Services Automobile Association bought a new position in Rayonier during the 1st quarter valued at $250,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Rayonier by 30.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 554,628 shares of the real estate investment trust's stock valued at $15,463,000 after acquiring an additional 130,985 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Rayonier by 16.9% during the 2nd quarter. Invesco Ltd. now owns 863,707 shares of the real estate investment trust's stock worth $19,157,000 after acquiring an additional 124,574 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

Rayonier Trading Down 0.1%

NYSE RYN opened at $21.31 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.23 and a current ratio of 3.26. Rayonier Inc. has a one year low of $19.49 and a one year high of $27.33. The company has a 50-day simple moving average of $21.18 and a 200-day simple moving average of $22.15. The firm has a market capitalization of $6.44 billion, a PE ratio of 6.99 and a beta of 0.97.

Rayonier (NYSE:RYN - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. Rayonier had a net margin of 97.94% and a return on equity of 4.09%. The firm had revenue of $117.50 million for the quarter, compared to analyst estimates of $108.71 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. Rayonier's quarterly revenue was down 24.4% on a year-over-year basis. On average, equities analysts forecast that Rayonier Inc. will post 0.42 earnings per share for the current year.

Rayonier Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.04 annualized dividend and a dividend yield of 4.9%. Rayonier's dividend payout ratio is 34.10%.

Analyst Upgrades and Downgrades

RYN has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Rayonier from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Tuesday, January 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Rayonier in a research note on Friday, March 27th. Raymond James Financial raised Rayonier from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $26.00 to $28.00 in a report on Friday, February 13th. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, April 18th. Finally, Royal Bank Of Canada set a $24.00 target price on Rayonier in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.50.

Insider Activity at Rayonier

In other news, Chairman Eric J. Cremers sold 169,200 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $21.44, for a total transaction of $3,627,648.00. Following the sale, the chairman directly owned 709,583 shares in the company, valued at approximately $15,213,459.52. This represents a 19.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne Wasechek sold 2,920 shares of the firm's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $21.17, for a total value of $61,816.40. Following the completion of the sale, the chief financial officer directly owned 115,530 shares in the company, valued at approximately $2,445,770.10. This trade represents a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.85% of the stock is currently owned by corporate insiders.

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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