Rayonier Inc. (NYSE:RYN) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Rayonier Inc. (NYSE:RYN) by 148.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,462 shares of the real estate investment trust’s stock after buying an additional 71,961 shares during the quarter. Dimensional Fund Advisors LP owned 0.08% of Rayonier worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Rayonier by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,802,946 shares of the real estate investment trust’s stock worth $691,490,000 after buying an additional 67,646 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Rayonier by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,294,936 shares of the real estate investment trust’s stock valued at $541,645,000 after purchasing an additional 196,571 shares during the last quarter. Impax Asset Management Group plc grew its position in Rayonier by 17.3% during the 2nd quarter. Impax Asset Management Group plc now owns 6,815,188 shares of the real estate investment trust’s stock worth $197,226,000 after purchasing an additional 1,004,357 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Rayonier during the 1st quarter valued at about $77,027,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Rayonier by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,240,608 shares of the real estate investment trust’s stock valued at $36,089,000 after buying an additional 10,536 shares during the period. 89.12% of the stock is owned by institutional investors and hedge funds.

Rayonier Stock Down 0.9 %

RYN opened at $31.33 on Friday. Rayonier Inc. has a twelve month low of $24.84 and a twelve month high of $35.29. The company has a 50-day moving average price of $30.84 and a 200 day moving average price of $30.35. The company has a quick ratio of 1.78, a current ratio of 1.98 and a debt-to-equity ratio of 0.75. The company has a market cap of $4.67 billion, a PE ratio of 27.97 and a beta of 1.04.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The firm had revenue of $173.60 million for the quarter, compared to analysts’ expectations of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Sell-side analysts expect that Rayonier Inc. will post 0.38 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.14 annualized dividend and a yield of 3.64%. Rayonier’s dividend payout ratio is presently 101.79%.

Insider Buying and Selling at Rayonier

In other news, Director V. Larkin Martin sold 10,011 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the transaction, the director now directly owns 40,168 shares in the company, valued at $1,227,935.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RYN. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 target price on shares of Rayonier in a report on Friday, June 14th. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Finally, Truist Financial decreased their target price on shares of Rayonier from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, July 16th.

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.