Natixis Advisors LLC Has $547,000 Stake in Rayonier Inc. (NYSE:RYN)

Natixis Advisors LLC lowered its stake in shares of Rayonier Inc. (NYSE:RYN) by 14.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 16,996 shares of the real estate investment trust’s stock after selling 2,970 shares during the period. Natixis Advisors LLC’s holdings in Rayonier were worth $547,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new stake in shares of Rayonier during the first quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in shares of Rayonier during the third quarter valued at about $25,000. GAMMA Investing LLC lifted its stake in Rayonier by 53.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 376 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Rayonier by 165.1% in the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 672 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Rayonier by 539.9% during the 3rd quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,042 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

Rayonier Stock Up 1.1 %

Shares of NYSE RYN opened at $31.82 on Friday. Rayonier Inc. has a 12 month low of $27.40 and a 12 month high of $35.29. The company has a current ratio of 1.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $31.38 and a two-hundred day simple moving average of $30.37. The firm has a market capitalization of $4.74 billion, a PE ratio of 30.02 and a beta of 1.05.

Rayonier (NYSE:RYN) last issued 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). The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $211.21 million. Rayonier had a return on equity of 2.95% and a net margin of 15.84%. Rayonier’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. Equities analysts expect that Rayonier Inc. will post 0.38 earnings per share for the current year.

Rayonier Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, December 17th. Rayonier’s payout ratio is 107.55%.

Analyst Ratings Changes

RYN has been the subject of a number of research analyst reports. Truist Financial lifted their price objective on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th.

Insiders Place Their Bets

In other news, Director V. Larkin Martin sold 10,011 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the completion of the transaction, the director now owns 40,168 shares in the company, valued at $1,227,935.76. The trade was a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.