Global Alpha Capital Management Ltd. Grows Position in Rayonier Inc. (NYSE:RYN)

Global Alpha Capital Management Ltd. lifted its holdings in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,034,127 shares of the real estate investment trust's stock after buying an additional 28,800 shares during the period. Rayonier makes up approximately 2.2% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 20th largest position. Global Alpha Capital Management Ltd. owned approximately 0.69% of Rayonier worth $33,278,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RYN. Segall Bryant & Hamill LLC acquired a new stake in shares of Rayonier during the 3rd quarter worth $373,000. Firetrail Investments PTY Ltd. increased its position in Rayonier by 0.7% in the 3rd quarter. Firetrail Investments PTY Ltd. now owns 246,287 shares of the real estate investment trust's stock valued at $7,918,000 after acquiring an additional 1,681 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Rayonier in the third quarter valued at $311,000. Entropy Technologies LP purchased a new stake in shares of Rayonier during the third quarter valued at $338,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Rayonier by 165.1% in the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust's stock worth $35,000 after buying an additional 672 shares during the period. 89.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rayonier

In related news, Director V. Larkin Martin sold 10,011 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the transaction, the director now directly owns 40,168 shares of the company's stock, valued at approximately $1,227,935.76. This trade represents a 19.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.83% of the company's stock.

Rayonier Trading Up 0.3 %

RYN traded up $0.08 during trading on Wednesday, reaching $30.15. 372,716 shares of the company's stock were exchanged, compared to its average volume of 610,819. Rayonier Inc. has a one year low of $27.40 and a one year high of $35.29. The company has a current ratio of 1.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average price of $31.44 and a two-hundred day moving average price of $30.32. The stock has a market capitalization of $4.49 billion, a PE ratio of 28.37 and a beta of 1.05.

Rayonier (NYSE:RYN - Get Free Report) last released its earnings results 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). The business 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 for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. As a group, equities research analysts forecast that Rayonier Inc. will post 0.38 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.14 annualized dividend and a yield of 3.78%. Rayonier's dividend payout ratio (DPR) is presently 107.55%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RYN. StockNews.com upgraded Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday. Truist Financial raised their target price on Rayonier from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th.

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.