Creative Planning Has $321,000 Stock Holdings in Rayonier Inc. (NYSE:RYN)

Creative Planning decreased its holdings in Rayonier Inc. (NYSE:RYN) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,984 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Creative Planning’s holdings in Rayonier were worth $321,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in RYN. Impax Asset Management Group plc raised its stake in shares of Rayonier by 17.3% in the 2nd quarter. Impax Asset Management Group plc now owns 6,815,188 shares of the real estate investment trust’s stock valued at $197,226,000 after buying an additional 1,004,357 shares in the last quarter. Teramo Advisors LLC acquired a new stake in shares of Rayonier during the 2nd quarter worth about $9,309,000. Central Securities Corp increased its position in shares of Rayonier by 42.9% during the 1st quarter. Central Securities Corp now owns 1,000,000 shares of the real estate investment trust’s stock worth $33,240,000 after purchasing an additional 300,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Rayonier by 108.9% during the 1st quarter. Russell Investments Group Ltd. now owns 541,344 shares of the real estate investment trust’s stock worth $17,995,000 after purchasing an additional 282,145 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Rayonier by 56.7% during the 2nd quarter. Millennium Management LLC now owns 752,847 shares of the real estate investment trust’s stock worth $21,900,000 after purchasing an additional 272,349 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Insider Transactions at Rayonier

In other news, Director V. Larkin Martin sold 10,011 shares of Rayonier 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 completion of the sale, the director now 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 filing with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is owned by corporate insiders.

Rayonier Stock Down 2.1 %

Shares of NYSE:RYN opened at $30.98 on Friday. Rayonier Inc. has a 12 month low of $27.40 and a 12 month high of $35.29. The company’s 50-day moving average price is $31.54 and its two-hundred day moving average price is $30.31. 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 firm has a market cap of $4.62 billion, a P/E ratio of 29.23 and a beta of 1.05.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Rayonier had a return on equity of 2.93% and a net margin of 15.84%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $211.21 million. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. As a group, research analysts forecast that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s dividend payout ratio (DPR) is presently 107.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Rayonier from a “hold” rating to a “sell” rating in a research report on Friday. Truist Financial increased their target price on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th.

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.