Charles Schwab Investment Management Inc. Acquires 7,733 Shares of Rayonier Inc. (NYSE:RYN)

Charles Schwab Investment Management Inc. grew its holdings in shares of Rayonier Inc. (NYSE:RYN) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,441,846 shares of the real estate investment trust’s stock after buying an additional 7,733 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.64% of Rayonier worth $78,579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RYN. Massachusetts Financial Services Co. MA raised its position in Rayonier by 26.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,352,691 shares of the real estate investment trust’s stock valued at $107,890,000 after purchasing an additional 695,810 shares during the period. Advisors Asset Management Inc. increased its position in shares of Rayonier by 948.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 13,146 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 11,892 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Rayonier by 2.9% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 1,034,127 shares of the real estate investment trust’s stock valued at $33,278,000 after buying an additional 28,800 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Rayonier in the third quarter worth $373,000. Finally, Firetrail Investments PTY Ltd. lifted its position in Rayonier by 0.7% in the third quarter. Firetrail Investments PTY Ltd. now owns 246,287 shares of the real estate investment trust’s stock worth $7,918,000 after buying an additional 1,681 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

Insider Buying and Selling

In other news, Director V. Larkin Martin sold 10,011 shares of the 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 transaction, the director now owns 40,168 shares of the company’s stock, valued at approximately $1,227,935.76. This represents a 19.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RYN shares. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Truist Financial raised their price objective on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th.

Rayonier Stock Performance

RYN stock opened at $31.82 on Thursday. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 29.97 and a beta of 1.05. Rayonier Inc. has a twelve month low of $27.40 and a twelve month high of $35.29. The company has a quick ratio of 1.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.71. The business’s fifty day simple moving average is $31.38 and its two-hundred day simple moving average is $30.36.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $211.21 million. Rayonier had a net margin of 15.84% and a return on equity of 2.95%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. Analysts predict that Rayonier Inc. will post 0.38 earnings per share for the current year.

Rayonier Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid 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 3.58%. Rayonier’s dividend payout ratio (DPR) is currently 107.55%.

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.