Shell Asset Management Co. Acquires 497 Shares of Rayonier Inc. (NYSE:RYN)

Shell Asset Management Co. boosted its holdings in shares of Rayonier Inc. (NYSE:RYN) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,652 shares of the real estate investment trust’s stock after acquiring an additional 497 shares during the quarter. Shell Asset Management Co.’s holdings in Rayonier were worth $304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Rayonier during the fourth quarter valued at approximately $25,000. UMB Bank n.a. raised its position in Rayonier by 59.7% during the fourth quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 525 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Rayonier by 264.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,677 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,217 shares in the last quarter. Covestor Ltd raised its position in Rayonier by 30.0% during the fourth quarter. Covestor Ltd now owns 2,317 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 535 shares in the last quarter. Finally, KBC Group NV raised its position in Rayonier by 61.1% during the fourth quarter. KBC Group NV now owns 6,460 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 2,449 shares in the last quarter. Institutional investors own 89.12% of the company’s stock.

Wall Street Analyst Weigh In

RYN has been the topic of several recent research reports. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Truist Financial dropped their price target on shares of Rayonier from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on shares of Rayonier from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, May 2nd. Finally, Raymond James raised shares of Rayonier from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.50.

Rayonier Trading Up 0.7%

NYSE:RYN opened at $24.18 on Monday. Rayonier Inc. has a 12 month low of $22.80 and a 12 month high of $31.29. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 10.25 and a beta of 1.07. The company has a quick ratio of 1.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $25.45 and its 200-day moving average is $26.97.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Rayonier had a net margin of 28.44% and a return on equity of 3.86%. The firm had revenue of $82.90 million during the quarter, compared to the consensus estimate of $152.99 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was down 27.1% compared to the same quarter last year. Equities analysts anticipate that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.51%. Rayonier’s dividend payout ratio (DPR) is currently 46.78%.

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.