Rayonier Inc. (NYSE:RYN) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Rayonier Inc. (NYSE:RYN - Free Report) by 148.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,462 shares of the real estate investment trust's stock after buying an additional 71,961 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Rayonier worth $3,504,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in Rayonier by 138.7% in the first quarter. BNP Paribas Financial Markets now owns 161,368 shares of the real estate investment trust's stock valued at $5,364,000 after acquiring an additional 93,768 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Rayonier in the 1st quarter valued at about $961,000. Price T Rowe Associates Inc. MD boosted its position in shares of Rayonier by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,294,936 shares of the real estate investment trust's stock valued at $541,645,000 after purchasing an additional 196,571 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Rayonier during the 1st quarter worth approximately $729,000. Finally, SG Americas Securities LLC increased its position in Rayonier by 308.5% during the second quarter. SG Americas Securities LLC now owns 31,717 shares of the real estate investment trust's stock worth $923,000 after buying an additional 23,953 shares during the period. Institutional investors and hedge funds own 89.12% of the company's stock.

Rayonier Stock Performance

Shares of RYN stock traded up $0.30 during trading hours on Friday, reaching $31.64. 335,308 shares of the company's stock were exchanged, compared to its average volume of 603,606. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.98 and a quick ratio of 1.78. The company's 50 day moving average is $30.84 and its two-hundred day moving average is $30.35. The company has a market cap of $4.71 billion, a P/E ratio of 28.23 and a beta of 1.04. Rayonier Inc. has a 1 year low of $24.84 and a 1 year high of $35.29.

Rayonier (NYSE:RYN - Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The company had revenue of $173.60 million for the quarter, compared to analysts' expectations of $218.86 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Rayonier's revenue for the quarter was down 16.9% on a year-over-year basis. Equities research analysts anticipate that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.60%. Rayonier's payout ratio is 101.79%.

Insider Buying and Selling

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the sale, the director now directly owns 40,168 shares in the company, valued at approximately $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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.

Analyst Ratings Changes

RYN has been the topic of a number of research reports. Truist Financial lowered their target price on shares of Rayonier from $34.00 to $31.00 and set a "hold" rating on the stock in a research report on Tuesday, July 16th. StockNews.com upgraded Rayonier from a "sell" rating to a "hold" rating in a research report on Saturday, August 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 price objective 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.