Cwm LLC Acquires 487 Shares of Rayonier Inc. (NYSE:RYN)

Cwm LLC lifted its holdings in Rayonier Inc. (NYSE:RYN) by 20.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,849 shares of the real estate investment trust’s stock after purchasing an additional 487 shares during the period. Cwm LLC’s holdings in Rayonier were worth $92,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its stake in Rayonier by 1.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 28,472 shares of the real estate investment trust’s stock worth $828,000 after acquiring an additional 368 shares during the period. GAMMA Investing LLC raised its stake in Rayonier by 53.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 376 shares during the period. Sei Investments Co. raised its stake in Rayonier by 1.3% during the 2nd quarter. Sei Investments Co. now owns 30,341 shares of the real estate investment trust’s stock worth $883,000 after acquiring an additional 391 shares during the period. Retirement Systems of Alabama raised its stake in Rayonier by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 171,307 shares of the real estate investment trust’s stock worth $5,694,000 after acquiring an additional 437 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Rayonier by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 84,739 shares of the real estate investment trust’s stock worth $2,815,000 after acquiring an additional 439 shares during the period. Institutional investors own 89.12% of the company’s stock.

Insiders Place Their Bets

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of Rayonier stock in a transaction 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 completion of the transaction, the director now directly owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on RYN. Truist Financial raised their target price on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

Rayonier Trading Down 1.2 %

RYN stock opened at $31.47 on Friday. The firm has a fifty day moving average price of $31.29 and a 200 day moving average price of $30.28. Rayonier Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $35.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.78 and a current ratio of 1.98. The firm has a market cap of $4.69 billion, a PE ratio of 31.47 and a beta of 1.04.

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

Rayonier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s payout ratio is 114.00%.

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.