119,092 Shares in Rayonier Inc. $RYN Bought by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. has acquired 119,092 shares of Rayonier Inc., valued at approximately $3,320,000, representing about 0.08% of the company.
• Rayonier reported a better-than-expected EPS of $0.06 for the last quarter, surpassing analysts' estimates by $0.03, with revenue of $106.50 million, a 6.9% year-over-year increase.
• The company announced a quarterly dividend of $0.2725 per share, yielding 4.1%, to be paid on September 30th to investors of record on September 16th.

Uniplan Investment Counsel Inc. acquired a new position in Rayonier Inc. (NYSE:RYN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,092 shares of the real estate investment trust's stock, valued at approximately $3,320,000. Uniplan Investment Counsel Inc. owned approximately 0.08% of Rayonier as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of RYN. American National Bank & Trust acquired a new position in shares of Rayonier during the 1st quarter worth $28,000. Elequin Capital LP acquired a new stake in shares of Rayonier in the first quarter valued at about $30,000. Parallel Advisors LLC boosted its holdings in Rayonier by 133.5% during the first quarter. Parallel Advisors LLC now owns 1,123 shares of the real estate investment trust's stock worth $31,000 after buying an additional 642 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Rayonier during the first quarter worth about $32,000. Finally, Byrne Asset Management LLC purchased a new position in Rayonier in the first quarter valued at about $38,000. Institutional investors and hedge funds own 89.12% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada boosted their target price on Rayonier from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Finally, Citigroup upped their target price on Rayonier from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $28.00.

Rayonier Price Performance

Shares of NYSE:RYN traded down $0.40 on Friday, hitting $26.38. The company had a trading volume of 294,975 shares, compared to its average volume of 1,091,132. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37. The company has a market cap of $4.07 billion, a PE ratio of 5.33 and a beta of 1.01. Rayonier Inc. has a 52-week low of $21.84 and a 52-week high of $32.88. The business has a 50 day moving average of $25.04 and a 200 day moving average of $24.89.

Rayonier (NYSE:RYN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.03. The firm had revenue of $106.50 million during the quarter, compared to analysts' expectations of $95.30 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. As a group, equities analysts anticipate that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.09 annualized dividend and a yield of 4.1%. Rayonier's payout ratio is 22.02%.

About Rayonier

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.