WINTON GROUP Ltd Invests $3.28 Million in Rayonier Inc. (NYSE:RYN)

WINTON GROUP Ltd purchased a new position in shares of Rayonier Inc. (NYSE:RYN - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 112,565 shares of the real estate investment trust's stock, valued at approximately $3,275,000. WINTON GROUP Ltd owned 0.08% of Rayonier at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Rayonier during the 4th quarter worth approximately $439,076,000. Confluence Investment Management LLC acquired a new position in Rayonier during the 1st quarter worth approximately $77,027,000. Cohen & Steers Inc. acquired a new position in Rayonier during the 4th quarter worth approximately $51,265,000. Impax Asset Management Group plc increased its position in Rayonier by 17.3% during the 2nd quarter. Impax Asset Management Group plc now owns 6,815,188 shares of the real estate investment trust's stock worth $197,226,000 after purchasing an additional 1,004,357 shares in the last quarter. Finally, Teramo Advisors LLC acquired a new position in Rayonier during the 2nd quarter worth approximately $9,309,000. Institutional investors own 89.12% of the company's stock.

Insider Activity

In other news, Director V. Larkin Martin sold 10,011 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $30.57, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Rayonier Stock Up 1.7 %

NYSE RYN traded up $0.54 on Friday, hitting $32.03. 628,796 shares of the company were exchanged, compared to its average volume of 596,787. The company has a market cap of $4.77 billion, a PE ratio of 28.60 and a beta of 1.04. Rayonier Inc. has a 12 month low of $24.84 and a 12 month high of $35.29. The stock has a fifty day moving average of $29.86 and a 200-day moving average of $30.60. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75.

Rayonier (NYSE:RYN - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). Rayonier had a net margin of 14.78% and a return on equity of 3.00%. The business had revenue of $173.60 million during the quarter, compared to the consensus estimate of $218.86 million. During the same period last year, the business posted $0.05 earnings per share. The firm's quarterly revenue was down 16.9% on a year-over-year basis. As a group, analysts forecast that Rayonier Inc. will post 0.4 earnings per share for the current year.

Rayonier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.285 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.14 annualized dividend and a dividend yield of 3.56%. Rayonier's dividend payout ratio is currently 101.79%.

Analyst Ratings Changes

Several brokerages have issued reports on RYN. StockNews.com upgraded shares of Rayonier from a "sell" rating to a "hold" rating in a research report on Saturday, August 17th. Truist Financial decreased their price target on shares of Rayonier from $34.00 to $31.00 and set a "hold" rating for the company in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $34.00 price target on shares of Rayonier in a research report on Friday, June 14th.

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.