Rayonier Inc. $RYN Stock Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in Rayonier Inc. (NYSE:RYN) by 231.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 43,001 shares of the real estate investment trust’s stock after purchasing an additional 30,046 shares during the period. International Assets Investment Management LLC’s holdings in Rayonier were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its holdings in shares of Rayonier by 0.5% in the third quarter. Krilogy Financial LLC now owns 153,576 shares of the real estate investment trust’s stock valued at $2,901,000 after purchasing an additional 774 shares in the last quarter. Natural Investments LLC increased its position in Rayonier by 5.4% in the second quarter. Natural Investments LLC now owns 16,382 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 833 shares during the last quarter. Choreo LLC raised its stake in Rayonier by 5.0% during the third quarter. Choreo LLC now owns 18,870 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 899 shares in the last quarter. Whittier Trust Co. raised its stake 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 valued at $47,000 after purchasing an additional 969 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its position in Rayonier by 50.0% during the second quarter. FNY Investment Advisers LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,000 shares during the last quarter. 89.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RYN has been the topic of a number of recent research reports. Royal Bank Of Canada decreased their price objective on Rayonier from $24.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Friday, October 16th. Citigroup dropped their target price on Rayonier from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Weiss Ratings upgraded Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Truist Financial cut their target price on Rayonier from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Finally, Seaport Research Partners restated a “buy” rating and set a $30.00 price target on shares of Rayonier in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.80.

Insider Transactions at Rayonier

In related news, EVP Mark Bridwell sold 5,318 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $20.19, for a total transaction of $107,370.42. Following the completion of the transaction, the executive vice president directly owned 131,661 shares in the company, valued at $2,658,235.59. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 6,219 shares of company stock worth $124,088. Company insiders own 0.85% of the company’s stock.

More Rayonier News

Here are the key news stories impacting Rayonier this week:

• Positive Sentiment: Rayonier earned adjusted EPS of $0.13, beating the $0.10 consensus, and revenue of $565.6 million exceeded estimates of $407.0 million. Revenue rose 218.6% year over year, with the addition of PotlatchDeltic assets contributing to growth. Rayonier tops Q3 earnings and revenue estimates
• Positive Sentiment: The company increased its share-repurchase authorization by $300 million, signaling capacity to return more capital to shareholders and potentially supporting demand for the shares. Rayonier increases share-repurchase authorization
• Neutral Sentiment: Adjusted EBITDA rose 27%, with the PotlatchDeltic assets contributing to the increase. This points to stronger operating scale, though growth partly reflects the expanded asset base. Rayonier Q3 EBITDA and lumber-price outlook
• Negative Sentiment: EPS declined from $0.32 a year earlier to $0.13, and Rayonier expects lower lumber prices ahead, which could pressure future results. Rayonier Q3 EBITDA and lumber-price outlook

Rayonier Stock Up 3.2%

Rayonier stock opened at $20.25 on Thursday. 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 firm has a market cap of $6.02 billion, a P/E ratio of 44.99 and a beta of 0.88. The business has a fifty day moving average of $19.43 and a two-hundred day moving average of $20.93. Rayonier Inc. has a twelve month low of $17.71 and a twelve month high of $24.82.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Rayonier had a return on equity of 3.49% and a net margin of 7.83%. The firm had revenue of $565.60 million for the quarter, compared to the consensus estimate of $406.98 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s revenue was up 218.6% on a year-over-year basis. On average, analysts forecast that Rayonier Inc. will post 0.42 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.1%. The ex-dividend date is Thursday, December 17th. Rayonier’s dividend payout ratio is 231.11%.

Rayonier Profile

Rayonier Inc (NYSE:RYN) is a real estate investment trust that owns and manages timberlands and other rural land assets. The company’s primary business is the sustainable management of forest resources, with timber harvested and sold for use in lumber, paper, packaging, and other wood products.

Rayonier’s timber operations are located primarily in the U.S. South, the Pacific Northwest, and New Zealand. Its activities include forest management, timber sales, land conservation, and the sale of higher and better use properties, such as land suitable for residential, commercial, or industrial development.

In addition to its timber business, Rayonier generates value from real estate transactions, renewable energy opportunities, conservation initiatives, and other alternative uses of its land portfolio.