Rayonier Inc. (NYSE:RYN) Shares Sold by Xponance Inc.

Xponance Inc. decreased its position in Rayonier Inc. (NYSE:RYN) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,045 shares of the real estate investment trust’s stock after selling 1,527 shares during the quarter. Xponance Inc.’s holdings in Rayonier were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RYN. Advisors Asset Management Inc. purchased a new position in shares of Rayonier in the first quarter valued at $26,000. GAMMA Investing LLC boosted its position in Rayonier by 53.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 376 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Rayonier during the second quarter valued at about $40,000. Fifth Third Bancorp increased its position in shares of Rayonier by 83.7% during the second quarter. Fifth Third Bancorp now owns 1,449 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 660 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its stake in shares of Rayonier by 2,272.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,566 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of Rayonier in a report on Friday, June 14th. StockNews.com upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Finally, Truist Financial reduced their price objective on shares of Rayonier from $34.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th.

Rayonier Stock Up 0.1 %

RYN stock opened at $32.20 on Tuesday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 28.75 and a beta of 1.04. Rayonier Inc. has a 1-year low of $24.84 and a 1-year high of $35.29. The firm has a fifty day moving average price of $30.55 and a two-hundred day moving average price of $30.39. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.98 and a quick ratio of 1.78.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.12). The company had revenue of $173.60 million during the quarter, compared to the consensus estimate of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. Research analysts predict that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.54%. The ex-dividend date was Monday, September 16th. Rayonier’s dividend payout ratio is currently 101.79%.

Insider Buying and Selling at Rayonier

In other news, Director V. Larkin Martin sold 10,011 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the completion of the transaction, the director now owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.83% of the stock is owned by company insiders.

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.