International Assets Investment Management LLC Purchases 17,112 Shares of Rayonier Inc. (NYSE:RYN)

International Assets Investment Management LLC increased its position in shares of Rayonier Inc. (NYSE:RYN) by 3,240.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,640 shares of the real estate investment trust’s stock after buying an additional 17,112 shares during the quarter. International Assets Investment Management LLC’s holdings in Rayonier were worth $589,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RYN. Victory Capital Management Inc. boosted its position in Rayonier by 2.7% during the third quarter. Victory Capital Management Inc. now owns 3,965,573 shares of the real estate investment trust’s stock valued at $112,860,000 after purchasing an additional 105,884 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of Rayonier by 66.2% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 228,879 shares of the real estate investment trust’s stock valued at $6,514,000 after buying an additional 91,141 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Rayonier by 85.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 130,000 shares of the real estate investment trust’s stock valued at $3,700,000 after buying an additional 60,000 shares during the last quarter. Acas LLC acquired a new stake in shares of Rayonier in the third quarter valued at approximately $1,294,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Rayonier in the third quarter valued at approximately $914,000. 89.12% of the stock is currently owned by institutional investors.

Rayonier Stock Performance

NYSE:RYN opened at $30.24 on Thursday. The stock has a market cap of $4.50 billion, a P/E ratio of 25.85 and a beta of 1.07. The stock has a 50 day simple moving average of $32.86 and a 200 day simple moving average of $31.38. The company has a current ratio of 2.26, a quick ratio of 2.04 and a debt-to-equity ratio of 0.73. Rayonier Inc. has a 1-year low of $24.84 and a 1-year high of $35.29.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $467.40 million during the quarter, compared to analysts’ expectations of $235.94 million. Rayonier had a return on equity of 2.89% and a net margin of 16.41%. During the same period last year, the firm posted $0.11 EPS. Research analysts anticipate that Rayonier Inc. will post 0.48 earnings per share for the current year.

Rayonier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 3.77%. Rayonier’s dividend payout ratio (DPR) is presently 97.44%.

Wall Street Analyst Weigh In

RYN has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Rayonier from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. TheStreet raised Rayonier from a “c+” rating to a “b-” rating in a research report on Friday, February 16th. Finally, Truist Financial lifted their price target on Rayonier from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Rayonier presently has a consensus rating of “Hold” and an average price target of $34.50.

Rayonier 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.