Nisa Investment Advisors LLC Has $2.40 Million Position in Rayonier Inc. (NYSE:RYN)

Nisa Investment Advisors LLC reduced its position in shares of Rayonier Inc. (NYSE:RYN) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,006 shares of the real estate investment trust’s stock after selling 4,006 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of Rayonier worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Rayonier in the 3rd quarter valued at $25,000. Venturi Wealth Management LLC raised its holdings in Rayonier by 165.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 672 shares in the last quarter. UMB Bank n.a. raised its holdings in Rayonier by 59.7% in the 4th quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 525 shares in the last quarter. Blue Trust Inc. raised its holdings in Rayonier by 539.9% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Rayonier by 41.8% in the 4th quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 511 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RYN has been the subject of several analyst reports. Citigroup dropped their price objective on Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Truist Financial decreased their price target on Rayonier from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $29.67.

Rayonier Trading Up 0.0 %

Shares of RYN stock opened at $26.29 on Monday. The firm has a market capitalization of $3.92 billion, a P/E ratio of 24.80 and a beta of 1.04. Rayonier Inc. has a twelve month low of $24.88 and a twelve month high of $35.29. The company has a quick ratio of 1.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $28.13 and its 200 day simple moving average is $29.82.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $211.21 million. Rayonier had a return on equity of 2.95% and a net margin of 15.84%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts predict that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Increases Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, January 30th. Investors of record on Thursday, December 12th will be given a dividend of $1.80 per share. This is a positive change from Rayonier’s previous special dividend of $0.20. Rayonier’s payout ratio is currently 107.55%.

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

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.