Rayonier Inc. (NYSE:RYN) Stock Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Rayonier Inc. (NYSE:RYN) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,993 shares of the real estate investment trust’s stock after acquiring an additional 442 shares during the quarter. Pacer Advisors Inc.’s holdings in Rayonier were worth $522,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RYN. Massachusetts Financial Services Co. MA increased its holdings in shares of Rayonier by 26.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,352,691 shares of the real estate investment trust’s stock worth $107,890,000 after acquiring an additional 695,810 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Rayonier by 2,950.1% in the third quarter. Crossmark Global Holdings Inc. now owns 296,222 shares of the real estate investment trust’s stock valued at $9,532,000 after purchasing an additional 286,510 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Rayonier by 119.7% during 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 last quarter. State Street Corp boosted its position in shares of Rayonier by 2.5% during the third quarter. State Street Corp now owns 4,279,512 shares of the real estate investment trust’s stock worth $137,715,000 after buying an additional 104,464 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Rayonier in the 3rd quarter worth approximately $2,525,000. Institutional investors own 89.12% of the company’s stock.

Analyst Ratings Changes

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

Rayonier Trading Down 0.8 %

Rayonier stock opened at $25.73 on Wednesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 24.27 and a beta of 1.03. Rayonier Inc. has a 1 year low of $24.88 and a 1 year high of $35.29. The firm’s 50 day moving average price is $27.51 and its two-hundred day moving average price is $29.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.85 and a current ratio of 1.99.

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

Rayonier announced that its board has initiated a share repurchase program on Monday, December 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Rayonier Increases Dividend

The company also recently declared a special dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, December 12th were issued 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 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.