Natixis Advisors LLC Sells 2,970 Shares of Rayonier Inc. (NYSE:RYN)

Natixis Advisors LLC reduced its stake in shares of Rayonier Inc. (NYSE:RYN) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,996 shares of the real estate investment trust’s stock after selling 2,970 shares during the period. Natixis Advisors LLC’s holdings in Rayonier were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RYN. Impax Asset Management Group plc lifted its position in Rayonier by 17.3% during the second quarter. Impax Asset Management Group plc now owns 6,815,188 shares of the real estate investment trust’s stock valued at $197,226,000 after purchasing an additional 1,004,357 shares during the last quarter. Teramo Advisors LLC purchased a new stake in shares of Rayonier during the 2nd quarter worth $9,309,000. Crossmark Global Holdings Inc. increased its position in shares of Rayonier by 2,950.1% during the third quarter. Crossmark Global Holdings Inc. now owns 296,222 shares of the real estate investment trust’s stock worth $9,532,000 after purchasing an additional 286,510 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Rayonier by 56.7% during the second quarter. Millennium Management LLC now owns 752,847 shares of the real estate investment trust’s stock valued at $21,900,000 after acquiring an additional 272,349 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Rayonier in the 2nd quarter valued at $3,275,000. Institutional investors own 89.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rayonier

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of Rayonier 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 transaction, the director now owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The trade was a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Rayonier Stock Up 1.1 %

NYSE RYN opened at $31.82 on Friday. The business has a fifty day moving average price of $31.38 and a 200 day moving average price of $30.37. Rayonier Inc. has a one year low of $27.40 and a one year high of $35.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.85 and a current ratio of 1.99. The company has a market cap of $4.74 billion, a P/E ratio of 30.02 and a beta of 1.05.

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

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Tuesday, December 17th. Rayonier’s payout ratio is presently 107.55%.

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.