Creative Planning Has $321,000 Position in Rayonier Inc. (NYSE:RYN)

Creative Planning lowered its position in shares of Rayonier Inc. (NYSE:RYN) by 10.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,984 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Creative Planning’s holdings in Rayonier were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Rayonier by 138.7% in the first quarter. BNP Paribas Financial Markets now owns 161,368 shares of the real estate investment trust’s stock valued at $5,364,000 after buying an additional 93,768 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Rayonier by 1.2% in the first 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 acquiring an additional 196,571 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Rayonier in the first quarter worth about $729,000. SG Americas Securities LLC lifted its holdings in shares of Rayonier by 308.5% in the second quarter. SG Americas Securities LLC now owns 31,717 shares of the real estate investment trust’s stock worth $923,000 after acquiring an additional 23,953 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its holdings in shares of Rayonier by 27.5% in the first quarter. Global Alpha Capital Management Ltd. now owns 822,327 shares of the real estate investment trust’s stock worth $27,334,000 after acquiring an additional 177,270 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Rayonier from a “hold” rating to a “sell” rating in a report on Friday. Truist Financial raised their price objective on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th.

Insider Buying and Selling

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 40,168 shares in the company, valued at approximately $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Rayonier Trading Down 2.1 %

NYSE RYN opened at $30.98 on Friday. The business’s fifty day moving average is $31.54 and its 200-day moving average is $30.31. Rayonier Inc. has a one year low of $27.40 and a one year high of $35.29. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 29.23 and a beta of 1.05. 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 posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $211.21 million. Rayonier had a net margin of 15.84% and a return on equity of 2.93%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts predict that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.285 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.14 dividend on an annualized basis and a yield of 3.68%. Rayonier’s payout ratio is 107.55%.

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.