Sagefield Capital LP Has $1.32 Million Stake in Rayonier Inc. (NYSE:RYN)

Sagefield Capital LP reduced its holdings in Rayonier Inc. (NYSE:RYN) by 17.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,355 shares of the real estate investment trust’s stock after selling 9,708 shares during the period. Sagefield Capital LP’s holdings in Rayonier were worth $1,319,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Rayonier by 53.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,413 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 3,954 shares during the last quarter. Commerce Bank bought a new stake in Rayonier during the fourth quarter worth $245,000. Treasurer of the State of North Carolina lifted its stake in Rayonier by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 65,100 shares of the real estate investment trust’s stock valued at $2,175,000 after acquiring an additional 640 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Rayonier by 9.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 395,308 shares of the real estate investment trust’s stock valued at $13,207,000 after acquiring an additional 34,478 shares during the period. Finally, Bollard Group LLC increased its stake in shares of Rayonier by 0.9% during the 4th quarter. Bollard Group LLC now owns 68,880 shares of the real estate investment trust’s stock worth $2,301,000 after purchasing an additional 583 shares during the last quarter. 89.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 target price on shares of Rayonier in a research note on Friday, June 14th. Finally, Truist Financial dropped their price target on Rayonier from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th.

Rayonier Trading Up 0.1 %

Shares of RYN stock opened at $31.91 on Tuesday. Rayonier Inc. has a 12-month low of $24.84 and a 12-month high of $35.29. The company has a market capitalization of $4.75 billion, a PE ratio of 28.49 and a beta of 1.04. The firm has a 50 day moving average price of $30.29 and a two-hundred day moving average price of $30.47. The company has a quick ratio of 1.78, a current ratio of 1.98 and a debt-to-equity ratio of 0.75.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.12). Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The firm had revenue of $173.60 million for the quarter, compared to analyst estimates of $218.86 million. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was down 16.9% on a year-over-year basis. As a group, analysts predict that Rayonier Inc. will post 0.4 earnings per share for the current year.

Rayonier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Monday, September 16th. Rayonier’s dividend payout ratio is 101.79%.

Insiders Place Their Bets

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $30.57, for a total transaction of $306,036.27. Following the transaction, the director now owns 40,168 shares in the company, valued at approximately $1,227,935.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

About Rayonier

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.