Rayonier Inc. $RYN Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in shares of Rayonier Inc. (NYSE:RYN) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,423,859 shares of the real estate investment trust’s stock after selling 81,935 shares during the period. Franklin Resources Inc. owned about 0.91% of Rayonier worth $31,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RYN. AQR Capital Management LLC boosted its holdings in Rayonier by 1,287.3% during the 1st quarter. AQR Capital Management LLC now owns 1,506,119 shares of the real estate investment trust’s stock valued at $41,991,000 after acquiring an additional 1,397,555 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Rayonier by 30.0% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,203,552 shares of the real estate investment trust’s stock worth $117,195,000 after purchasing an additional 971,167 shares in the last quarter. Nuveen LLC purchased a new position in shares of Rayonier in the first quarter valued at approximately $26,187,000. Legal & General Group Plc grew its holdings in shares of Rayonier by 24.4% in the second quarter. Legal & General Group Plc now owns 4,193,530 shares of the real estate investment trust’s stock valued at $93,012,000 after purchasing an additional 823,311 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Rayonier by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,688,309 shares of the real estate investment trust’s stock worth $81,807,000 after buying an additional 754,076 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RYN shares. Royal Bank Of Canada raised their price target on shares of Rayonier from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Citigroup decreased their target price on Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Wall Street Zen upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rayonier in a research report on Monday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.25.

Rayonier Stock Up 0.3%

Rayonier stock opened at $21.96 on Thursday. Rayonier Inc. has a 1-year low of $21.06 and a 1-year high of $32.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.50 and a quick ratio of 3.38. The stock has a market cap of $3.38 billion, a PE ratio of 4.44 and a beta of 0.98. The stock’s fifty day moving average is $24.02 and its two-hundred day moving average is $24.24.

Rayonier (NYSE:RYN) last released its quarterly earnings data 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 business 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 business’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. On average, sell-side analysts expect that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, December 10th. Rayonier’s dividend payout ratio is 21.63%.

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.