Rayonier Inc. $RYN Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its stake in Rayonier Inc. (NYSE:RYN) by 597.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 149,083 shares of the real estate investment trust’s stock after acquiring an additional 127,705 shares during the period. Bank of Montreal Can’s holdings in Rayonier were worth $3,307,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in Rayonier by 5.0% during the 1st quarter. Principal Financial Group Inc. now owns 323,985 shares of the real estate investment trust’s stock worth $9,033,000 after buying an additional 15,382 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Rayonier by 17.2% during the 2nd quarter. Nordea Investment Management AB now owns 225,389 shares of the real estate investment trust’s stock valued at $4,959,000 after acquiring an additional 33,071 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Rayonier by 2.1% during the first quarter. Mutual of America Capital Management LLC now owns 72,324 shares of the real estate investment trust’s stock worth $2,016,000 after purchasing an additional 1,487 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Rayonier by 10.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 40,364 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 3,897 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in Rayonier during the first quarter valued at $558,000. Institutional investors own 89.12% of the company’s stock.

Rayonier Stock Down 0.8%

Shares of Rayonier stock opened at $22.39 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.50 and a quick ratio of 3.38. Rayonier Inc. has a 1-year low of $21.23 and a 1-year high of $32.74. The business’s fifty day moving average price is $25.02 and its two-hundred day moving average price is $24.40. The company has a market capitalization of $3.45 billion, a P/E ratio of 4.52 and a beta of 0.98.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. The company had revenue of $177.53 million during the quarter, compared to analysts’ expectations of $162.82 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The company’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. As a group, research analysts forecast that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a $0.2725 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 annualized dividend and a yield of 4.9%. Rayonier’s payout ratio is 21.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RYN shares. Royal Bank Of Canada raised their price target on shares of Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Wall Street Zen raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup lifted their target price on Rayonier from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Rayonier in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rayonier currently has a consensus rating of “Hold” and an average target price of $28.00.

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.