Robeco Institutional Asset Management B.V. boosted its position in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 212,050 shares of the real estate investment trust's stock after purchasing an additional 32,970 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Rayonier worth $5,912,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of Rayonier by 4.7% in the first quarter. Sequoia Financial Advisors LLC now owns 82,302 shares of the real estate investment trust's stock worth $2,295,000 after buying an additional 3,664 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Rayonier by 22.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,008 shares of the real estate investment trust's stock worth $307,000 after acquiring an additional 2,013 shares during the period. Whalen Wealth Management Inc. purchased a new position in Rayonier during the 1st quarter valued at about $431,000. Comprehensive Money Management Services LLC grew its stake in Rayonier by 27.7% during the 1st quarter. Comprehensive Money Management Services LLC now owns 32,795 shares of the real estate investment trust's stock valued at $914,000 after acquiring an additional 7,106 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Rayonier by 4.9% in the 1st quarter. Retirement Systems of Alabama now owns 171,034 shares of the real estate investment trust's stock valued at $4,768,000 after purchasing an additional 7,978 shares during the period. 89.12% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RYN has been the subject of several research reports. Truist Financial decreased their price target on shares of Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial upgraded shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Wednesday, March 12th. Citigroup lowered their price target on shares of Rayonier from $27.00 to $26.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Wall Street Zen raised shares of Rayonier from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada reduced their price objective on Rayonier from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.75.
Read Our Latest Analysis on Rayonier
Rayonier Stock Down 0.3%
RYN stock traded down $0.06 during trading hours on Friday, hitting $23.11. The company's stock had a trading volume of 721,430 shares, compared to its average volume of 911,510. The stock has a 50 day moving average price of $23.38 and a two-hundred day moving average price of $25.21. Rayonier Inc. has a 12 month low of $21.84 and a 12 month high of $31.29. The company has a market capitalization of $3.60 billion, a PE ratio of 9.92 and a beta of 1.02. The company has a quick ratio of 2.60, a current ratio of 2.71 and a debt-to-equity ratio of 0.54.
Rayonier (NYSE:RYN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). Rayonier had a return on equity of 3.29% and a net margin of 30.09%. The business had revenue of $82.90 million for the quarter, compared to analyst estimates of $152.99 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company's quarterly revenue was down 27.1% compared to the same quarter last year. On average, equities research analysts expect that Rayonier Inc. will post 0.55 earnings per share for the current year.
Rayonier Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.2725 dividend. 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 46.78%.
About Rayonier
(
Free Report)
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.
Read More
Before you consider Rayonier, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rayonier wasn't on the list.
While Rayonier currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
