Robeco Institutional Asset Management B.V. Buys 32,970 Shares of Rayonier Inc. (NYSE:RYN)

Robeco Institutional Asset Management B.V. grew its stake in Rayonier Inc. (NYSE:RYN - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,050 shares of the real estate investment trust's stock after buying an additional 32,970 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Rayonier worth $5,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Rayonier in the fourth quarter valued at $343,007,000. Massachusetts Financial Services Co. MA boosted its holdings in Rayonier by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,372,817 shares of the real estate investment trust's stock worth $88,031,000 after purchasing an additional 20,126 shares during the last quarter. Legal & General Group Plc increased its holdings in Rayonier by 5.8% in the 4th quarter. Legal & General Group Plc now owns 3,107,331 shares of the real estate investment trust's stock worth $81,101,000 after acquiring an additional 170,087 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Rayonier by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,632,193 shares of the real estate investment trust's stock valued at $68,719,000 after buying an additional 39,332 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Rayonier by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,802 shares of the real estate investment trust's stock worth $64,958,000 after acquiring an additional 46,956 shares during the period. 89.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James Financial upgraded 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 report on Wednesday, March 12th. Citigroup lowered their price objective on Rayonier from $27.00 to $26.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Royal Bank Of Canada decreased their target price on shares of Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Truist Financial dropped their price target on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Rayonier from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Rayonier currently has a consensus rating of "Hold" and a consensus price target of $27.75.

Rayonier Stock Down 0.3%

Rayonier stock traded down $0.07 on Thursday, hitting $23.10. 721,278 shares of the stock traded hands, compared to its average volume of 908,857. The business's fifty day simple moving average is $23.44 and its 200 day simple moving average is $25.28. The firm has a market cap of $3.60 billion, a P/E ratio of 9.91 and a beta of 1.02. The company has a current ratio of 2.71, a quick ratio of 2.60 and a debt-to-equity ratio of 0.54. Rayonier Inc. has a 1 year low of $21.84 and a 1 year high of $31.29.

Rayonier (NYSE:RYN - Get Free Report) last announced 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). The business had revenue of $82.90 million during the quarter, compared to analysts' expectations of $152.99 million. Rayonier had a return on equity of 3.29% and a net margin of 30.09%. Rayonier's revenue for the quarter was down 27.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. As a group, sell-side analysts forecast that Rayonier Inc. will post 0.55 earnings per share for the current year.

Rayonier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Monday, June 16th. Rayonier's payout ratio is currently 46.78%.

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.