Rayonier Inc. (NYSE:RYN) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC lifted its position in shares of Rayonier Inc. (NYSE:RYN) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,473 shares of the real estate investment trust’s stock after purchasing an additional 2,659 shares during the quarter. Inspire Investing LLC’s holdings in Rayonier were worth $404,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Rayonier in the third quarter valued at $25,000. Venturi Wealth Management LLC grew its position in shares of Rayonier by 165.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 672 shares during the period. UMB Bank n.a. increased its stake in shares of Rayonier by 59.7% in the 4th quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 525 shares in the last quarter. Blue Trust Inc. grew its holdings in Rayonier by 539.9% in the third quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,042 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Rayonier by 41.8% in the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 511 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup decreased their target price on Rayonier from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Truist Financial cut their target price on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $29.67.

Rayonier Trading Up 0.0 %

Shares of RYN stock opened at $26.29 on Friday. Rayonier Inc. has a fifty-two week low of $24.88 and a fifty-two week high of $35.29. The firm has a market capitalization of $3.92 billion, a P/E ratio of 24.80 and a beta of 1.04. The stock’s fifty day moving average is $28.13 and its two-hundred day moving average is $29.80. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.85 and a current ratio of 1.99.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Rayonier had a return on equity of 2.95% and a net margin of 15.84%. The business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $211.21 million. During the same period in the prior year, the business posted $0.13 earnings per share. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Research analysts expect that Rayonier Inc. will post 0.38 earnings per share for the current fiscal year.

Rayonier announced that its Board of Directors has initiated a stock buyback plan on Monday, December 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Rayonier Increases Dividend

The business also recently declared a special dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, December 12th will be issued a $1.80 dividend. This is a boost from Rayonier’s previous special dividend of $0.20. Rayonier’s dividend payout ratio (DPR) is currently 107.55%.

Rayonier Company 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.