GRS Advisors LLC lowered its stake in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,117,054 shares of the real estate investment trust's stock after selling 678,768 shares during the quarter. Rayonier comprises 2.9% of GRS Advisors LLC's portfolio, making the stock its 18th largest holding. GRS Advisors LLC owned approximately 0.75% of Rayonier worth $29,155,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of RYN. First Manhattan CO. LLC. increased its holdings in shares of Rayonier by 28.5% during the 4th quarter. First Manhattan CO. LLC. now owns 10,395 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 2,306 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Rayonier by 12.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 114,613 shares of the real estate investment trust's stock valued at $2,991,000 after acquiring an additional 12,700 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Rayonier by 730.8% in the 4th quarter. Deutsche Bank AG now owns 1,829,422 shares of the real estate investment trust's stock worth $47,748,000 after acquiring an additional 1,609,232 shares during the period. CoreCommodity Management LLC lifted its position in shares of Rayonier by 9.3% in the 4th quarter. CoreCommodity Management LLC now owns 13,567 shares of the real estate investment trust's stock worth $354,000 after acquiring an additional 1,157 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Rayonier during the 4th quarter worth approximately $176,000. Institutional investors own 89.12% of the company's stock.
Rayonier Trading Down 1.3%
Shares of Rayonier stock traded down $0.31 during trading hours on Tuesday, hitting $23.81. The company's stock had a trading volume of 76,835 shares, compared to its average volume of 833,896. The company has a market capitalization of $3.71 billion, a PE ratio of 10.10 and a beta of 1.07. Rayonier Inc. has a 12 month low of $22.80 and a 12 month high of $31.29. The stock has a 50 day moving average of $25.71 and a 200 day moving average of $27.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.85.
Rayonier (NYSE:RYN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). The business had revenue of $82.90 million during the quarter, compared to analyst estimates of $152.99 million. Rayonier had a net margin of 28.44% and a return on equity of 3.86%. The firm's quarterly revenue was down 27.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Analysts predict that Rayonier Inc. will post 0.55 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently commented on RYN. Citigroup reduced their target price on Rayonier from $32.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Raymond James upgraded shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Wednesday, March 12th. StockNews.com raised shares of Rayonier from a "sell" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada decreased their price objective on Rayonier from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Finally, Truist Financial dropped their target price on Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Rayonier has a consensus rating of "Hold" and an average target price of $27.50.
View Our Latest Analysis on RYN
Rayonier Company Profile
(
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.
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