Edmond DE Rothschild Holding S.A. Acquires New Stake in Rayonier Inc. $RYN

Edmond DE Rothschild Holding S.A. acquired a new stake in Rayonier Inc. (NYSE:RYN) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 605,000 shares of the real estate investment trust’s stock, valued at approximately $12,874,000.

A number of other large investors also recently bought and sold shares of RYN. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Rayonier in the 4th quarter worth $34,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Rayonier by 65.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 627 shares during the period. Bayban acquired a new position in shares of Rayonier during the first quarter worth about $36,000. Whittier Trust Co. raised its holdings in Rayonier by 74.0% during the first quarter. Whittier Trust Co. now owns 2,279 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 969 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Rayonier during the first quarter worth about $51,000. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price objective on Rayonier from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, May 19th. Truist Financial cut their target price on Rayonier from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, July 15th. Citigroup raised their price target on Rayonier from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Rayonier in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.80.

Rayonier Stock Performance

NYSE:RYN opened at $21.42 on Thursday. The firm’s fifty day simple moving average is $21.50 and its 200-day simple moving average is $21.29. The company has a quick ratio of 2.91, a current ratio of 3.56 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.37 billion, a PE ratio of 47.60 and a beta of 0.87. Rayonier Inc. has a fifty-two week low of $19.49 and a fifty-two week high of $27.33.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $396.51 million during the quarter, compared to analysts’ expectations of $374.28 million. Rayonier had a net margin of 7.83% and a return on equity of 3.49%. The business’s revenue for the quarter was up 272.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. Analysts expect that Rayonier Inc. will post 0.42 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, September 16th. Rayonier’s dividend payout ratio (DPR) is presently 231.11%.

About Rayonier

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.