International Assets Investment Management LLC Has $528,000 Stock Position in Rayonier Inc. (NYSE:RYN)

International Assets Investment Management LLC raised its position in Rayonier Inc. (NYSE:RYN) by 3,118.0% during the third quarter, HoldingsChannel.com reports. The firm owned 16,991 shares of the real estate investment trust’s stock after buying an additional 16,463 shares during the quarter. International Assets Investment Management LLC’s holdings in Rayonier were worth $528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Rayonier by 138.7% during the 1st quarter. BNP Paribas Financial Markets now owns 161,368 shares of the real estate investment trust’s stock worth $5,364,000 after acquiring an additional 93,768 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Rayonier during the 1st quarter worth about $961,000. Price T Rowe Associates Inc. MD lifted its position in shares of Rayonier by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,294,936 shares of the real estate investment trust’s stock worth $541,645,000 after purchasing an additional 196,571 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Rayonier during the 1st quarter worth about $729,000. Finally, SG Americas Securities LLC lifted its position in shares of Rayonier by 308.5% during the 2nd quarter. SG Americas Securities LLC now owns 31,717 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 23,953 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Insider Activity

In other news, Director V. Larkin Martin sold 10,011 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,227,935.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is owned by corporate insiders.

Rayonier Stock Performance

RYN stock opened at $31.70 on Wednesday. The company has a market cap of $4.72 billion, a P/E ratio of 31.68 and a beta of 1.05. Rayonier Inc. has a twelve month low of $27.40 and a twelve month high of $35.29. The company has a quick ratio of 1.78, a current ratio of 1.98 and a debt-to-equity ratio of 0.75. The business’s fifty day moving average is $31.47 and its 200-day moving average is $30.28.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The business had revenue of $173.60 million for the quarter, compared to analyst estimates of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The business’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. Equities research analysts forecast that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier Announces Dividend

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 issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s payout ratio is 114.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RYN shares. Truist Financial boosted their price objective on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

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.