Rayonier (NYSE:RYN) Cut to "Sell" at StockNews.com

Rayonier (NYSE:RYN - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

Separately, Truist Financial boosted their price objective on Rayonier from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th.

Rayonier Trading Down 2.1 %

Rayonier stock traded down $0.66 during midday trading on Friday, reaching $30.98. 1,209,305 shares of the stock traded hands, compared to its average volume of 599,361. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75. The firm has a market cap of $4.62 billion, a PE ratio of 29.23 and a beta of 1.05. The company has a 50-day simple moving average of $31.54 and a two-hundred day simple moving average of $30.31. Rayonier has a 12-month low of $27.40 and a 12-month high of $35.29.

Rayonier (NYSE:RYN - Get Free Report) last released 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). Rayonier had a return on equity of 2.93% and a net margin of 15.84%. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $211.21 million. During the same quarter last year, the company earned $0.13 earnings per share. Rayonier's quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts expect that Rayonier will post 0.38 earnings per share for the current fiscal year.

Insider Transactions at Rayonier

In related news, Director V. Larkin Martin sold 10,011 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 40,168 shares of the company's stock, valued at $1,227,935.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company's stock.

Institutional Trading of Rayonier

Several institutional investors and hedge funds have recently made changes to their positions in RYN. Advisors Asset Management Inc. acquired a new stake in shares of Rayonier in the first quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Rayonier during the 3rd quarter worth $25,000. GAMMA Investing LLC grew its position in Rayonier by 53.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 376 shares during the last quarter. Venturi Wealth Management LLC increased its stake in 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 valued at $35,000 after purchasing an additional 672 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Rayonier by 539.9% in the third quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 1,042 shares during the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

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.

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