Natixis Advisors LLC Has $313,000 Stock Holdings in Rayonier Inc. (NYSE:RYN)

Natixis Advisors LLC lowered its holdings in shares of Rayonier Inc. (NYSE:RYN) by 29.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,008 shares of the real estate investment trust’s stock after selling 4,988 shares during the period. Natixis Advisors LLC’s holdings in Rayonier were worth $313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vestcor Inc bought a new stake in shares of Rayonier in the third quarter worth $1,749,000. Stifel Financial Corp lifted its holdings in Rayonier by 209.6% during the 3rd quarter. Stifel Financial Corp now owns 57,289 shares of the real estate investment trust’s stock worth $1,843,000 after buying an additional 38,783 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Rayonier by 119.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 457,370 shares of the real estate investment trust’s stock valued at $14,718,000 after buying an additional 249,173 shares during the period. Oak Thistle LLC acquired a new stake in shares of Rayonier in the fourth quarter valued at about $467,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Rayonier during the fourth quarter worth about $327,000. 89.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RYN has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of 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 upgraded Rayonier from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Truist Financial dropped their price objective on Rayonier from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James raised Rayonier from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada dropped their price target on Rayonier from $33.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rayonier presently has an average rating of “Hold” and a consensus target price of $29.00.

Rayonier Stock Performance

NYSE:RYN opened at $27.83 on Friday. The stock has a market cap of $4.34 billion, a P/E ratio of 11.79 and a beta of 1.00. The company has a quick ratio of 1.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $26.65 and its two-hundred day moving average price is $28.82. Rayonier Inc. has a twelve month low of $24.88 and a twelve month high of $31.62.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Rayonier had a return on equity of 3.86% and a net margin of 28.44%. As a group, equities analysts predict that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Monday, March 17th. Rayonier’s dividend payout ratio (DPR) is presently 46.19%.

Rayonier announced that its Board of Directors has authorized a stock buyback plan on Monday, December 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Rayonier 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.