Cwm LLC Boosts Stock Position in Rayonier Inc. (NYSE:RYN)

Cwm LLC raised its stake in Rayonier Inc. (NYSE:RYN) by 20.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,849 shares of the real estate investment trust’s stock after buying an additional 487 shares during the quarter. Cwm LLC’s holdings in Rayonier were worth $92,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RYN. Advisors Asset Management Inc. purchased a new stake in shares of Rayonier during the first quarter worth about $26,000. GAMMA Investing LLC grew its stake in shares of Rayonier by 53.5% during the second quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 376 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Rayonier during the second quarter worth about $40,000. Fifth Third Bancorp grew its stake in shares of Rayonier by 83.7% during the second quarter. Fifth Third Bancorp now owns 1,449 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 660 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Rayonier by 488.6% during the first quarter. Covestor Ltd now owns 1,554 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,290 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Insider Buying and Selling at Rayonier

In other 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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by corporate insiders.

Rayonier Price Performance

Shares of NYSE RYN opened at $31.47 on Friday. The business’s 50 day moving average price is $31.29 and its 200 day moving average price is $30.28. The firm has a market cap of $4.69 billion, a P/E ratio of 31.47 and a beta of 1.04. Rayonier Inc. has a 52 week low of $24.84 and a 52 week high of $35.29. The company has a quick ratio of 1.78, a current ratio of 1.98 and a debt-to-equity ratio of 0.75.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) 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 company had revenue of $173.60 million during the quarter, compared to analyst estimates of $218.86 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was down 16.9% compared to the same quarter last year. On average, sell-side analysts expect that Rayonier Inc. will post 0.38 earnings per share for the current year.

Rayonier Announces Dividend

The business also recently declared 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. This represents a $1.14 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s payout ratio is presently 114.00%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RYN. Truist Financial boosted their price target on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th.

About Rayonier

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.