Rayonier Inc. $RYN Stock Position Increased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Rayonier stake by 514% in the first quarter, reaching 192,593 shares valued at approximately $3.97 million. Institutional investors collectively own 89.12% of the company.
• Analysts remain generally neutral, with one Strong Buy, four Hold, and one Sell rating. The consensus rating is “Hold,” with an average price target of $24.80 versus the stock’s recent price of $21.52.
• Rayonier matched quarterly EPS estimates at $0.10 and exceeded revenue expectations with $396.5 million, up 272.3% year over year. The company declared a quarterly dividend of $0.26 per share, representing a 4.8% annualized yield.

Dimensional Fund Advisors LP increased its position in Rayonier Inc. (NYSE:RYN - Free Report) by 514.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,593 shares of the real estate investment trust's stock after buying an additional 161,228 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Rayonier worth $3,971,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Rayonier by 810.5% during the first quarter. Parallel Advisors LLC now owns 2,677 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 2,383 shares during the period. KBC Group NV lifted its holdings in Rayonier by 169.5% in the 1st quarter. KBC Group NV now owns 11,812 shares of the real estate investment trust's stock valued at $244,000 after acquiring an additional 7,429 shares during the last quarter. Swiss National Bank lifted its holdings in Rayonier by 87.6% in the 1st quarter. Swiss National Bank now owns 567,778 shares of the real estate investment trust's stock valued at $11,708,000 after acquiring an additional 265,144 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Rayonier by 81.5% during the 1st quarter. California Public Employees Retirement System now owns 664,769 shares of the real estate investment trust's stock valued at $13,708,000 after purchasing an additional 298,528 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Rayonier by 247,528.6% during the 1st quarter. Assetmark Inc. now owns 52,002 shares of the real estate investment trust's stock valued at $1,072,000 after purchasing an additional 51,981 shares in the last quarter. Institutional investors own 89.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on RYN. Truist Financial dropped their target price on shares of Rayonier from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Wednesday, July 15th. BMO Capital Markets reduced their target price on shares of Rayonier from $26.00 to $25.00 and set a "market perform" rating for the company in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of Rayonier from a "sell" rating to a "hold" rating in a research report on Saturday, April 18th. Citigroup lifted their price target on shares of Rayonier from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Royal Bank Of Canada set a $24.00 price target on Rayonier in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $24.80.

Rayonier Stock Up 0.3%

Shares of NYSE:RYN opened at $21.52 on Thursday. The firm has a 50 day simple moving average of $21.45 and a 200 day simple moving average of $21.35. Rayonier Inc. has a 52 week low of $19.49 and a 52 week high of $27.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.91 and a current ratio of 3.56. The company has a market cap of $6.40 billion, a PE ratio of 47.82 and a beta of 0.87.

Rayonier (NYSE:RYN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $396.51 million for the quarter, compared to analysts' expectations of $374.28 million. Rayonier had a net margin of 7.83% and a return on equity of 3.49%. The company's quarterly revenue was up 272.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, research analysts expect that Rayonier Inc. will post 0.42 earnings per share for the current year.

Rayonier Dividend Announcement

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

About Rayonier

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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