Global Alpha Capital Management Ltd. Acquires 62,400 Shares of Rayonier Inc. (NYSE:RYN)

Global Alpha Capital Management Ltd. increased its position in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 645,057 shares of the real estate investment trust's stock after acquiring an additional 62,400 shares during the quarter. Rayonier comprises 1.7% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 24th biggest position. Global Alpha Capital Management Ltd. owned 0.43% of Rayonier worth $21,551,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Rayonier during the fourth quarter worth $439,076,000. Russell Investments Group Ltd. boosted its holdings in Rayonier by 1,201.1% during the fourth quarter. Russell Investments Group Ltd. now owns 259,199 shares of the real estate investment trust's stock worth $8,660,000 after buying an additional 239,278 shares in the last quarter. Firetrail Investments PTY Ltd. purchased a new stake in Rayonier during the fourth quarter worth $3,320,000. Victory Capital Management Inc. lifted its holdings in Rayonier by 2.7% during the third quarter. Victory Capital Management Inc. now owns 3,965,573 shares of the real estate investment trust's stock valued at $112,860,000 after purchasing an additional 105,884 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its holdings in Rayonier by 66.2% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 228,879 shares of the real estate investment trust's stock valued at $6,514,000 after purchasing an additional 91,141 shares in the last quarter. Institutional investors own 89.12% of the company's stock.

Wall Street Analyst Weigh In

RYN has been the topic of a number of recent research reports. StockNews.com lowered shares of Rayonier from a "buy" rating to a "hold" rating in a research report on Friday, May 10th. Royal Bank of Canada boosted their price target on shares of Rayonier from $34.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Friday, February 2nd. Finally, TheStreet upgraded shares of Rayonier from a "c+" rating to a "b-" rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.50.

Rayonier Stock Performance

Rayonier stock traded up $0.08 during trading hours on Tuesday, reaching $30.22. 358,466 shares of the stock were exchanged, compared to its average volume of 575,978. The stock has a market cap of $4.50 billion, a P/E ratio of 26.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.08 and a current ratio of 2.46. Rayonier Inc. has a 52-week low of $24.84 and a 52-week high of $35.29. The firm's 50 day moving average is $31.37 and its 200 day moving average is $31.88.

Rayonier (NYSE:RYN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The business had revenue of $168.10 million during the quarter, compared to the consensus estimate of $190.04 million. Rayonier had a net margin of 15.92% and a return on equity of 3.21%. The business's revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 EPS. Analysts predict that Rayonier Inc. will post 0.47 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.14 annualized dividend and a yield of 3.77%. Rayonier's payout ratio is 101.79%.

Rayonier 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.