Dynamic Technology Lab Private Ltd acquired a new stake in Rayonier Inc. (NYSE:RYN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,240 shares of the real estate investment trust's stock, valued at approximately $320,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Rayonier by 2.3% in the 4th quarter. Pacer Advisors Inc. now owns 19,993 shares of the real estate investment trust's stock valued at $522,000 after buying an additional 442 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Rayonier by 41.8% during the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 511 shares during the period. UMB Bank n.a. boosted its position in Rayonier by 59.7% in the fourth quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 525 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Rayonier by 36.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,186 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 857 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Rayonier during the 4th quarter valued at $25,000. 89.12% of the stock is owned by institutional investors.
Rayonier Stock Performance
RYN traded up $0.14 on Tuesday, hitting $25.12. The company's stock had a trading volume of 138,749 shares, compared to its average volume of 778,491. The company's 50 day simple moving average is $26.43 and its 200-day simple moving average is $28.23. The company has a quick ratio of 1.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. Rayonier Inc. has a 12 month low of $22.80 and a 12 month high of $31.29. The firm has a market cap of $3.92 billion, a P/E ratio of 10.63 and a beta of 0.97.
Rayonier (NYSE:RYN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08. Rayonier had a return on equity of 3.86% and a net margin of 28.44%. Analysts forecast that Rayonier Inc. will post 0.55 EPS for the current year.
Rayonier Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.2725 per share. The ex-dividend date was Monday, March 17th. This represents a $1.09 annualized dividend and a yield of 4.34%. Rayonier's dividend payout ratio is currently 46.19%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Raymond James upgraded shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Wednesday, March 12th. StockNews.com upgraded shares of Rayonier from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Citigroup dropped their price objective on Rayonier from $32.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada decreased their target price on Rayonier from $33.00 to $30.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, Truist Financial dropped their price target on Rayonier from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $29.00.
Get Our Latest Report on Rayonier
Rayonier Profile
(
Free Report)
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.
Further Reading
Before you consider Rayonier, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rayonier wasn't on the list.
While Rayonier currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
