Comprehensive Money Management Services LLC Grows Stock Position in Rayonier Inc. $RYN

Comprehensive Money Management Services LLC increased its stake in Rayonier Inc. (NYSE:RYN) by 83.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,485 shares of the real estate investment trust’s stock after acquiring an additional 35,747 shares during the period. Rayonier comprises about 1.1% of Comprehensive Money Management Services LLC’s holdings, making the stock its 22nd largest holding. Comprehensive Money Management Services LLC’s holdings in Rayonier were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. bought a new position in Rayonier during the 4th quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. lifted its position in Rayonier by 65.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 627 shares during the last quarter. Hartford Financial Management Inc. lifted its position in Rayonier by 49.7% in the fourth quarter. Hartford Financial Management Inc. now owns 1,732 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 575 shares during the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Rayonier during the first quarter valued at approximately $51,000. Finally, Quarry LP grew its holdings in shares of Rayonier by 19.8% in the fourth quarter. Quarry LP now owns 3,012 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 498 shares during the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Rayonier Price Performance

Shares of RYN stock opened at $21.68 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.21 and a current ratio of 2.53. Rayonier Inc. has a fifty-two week low of $19.49 and a fifty-two week high of $27.33. The firm has a market cap of $6.52 billion, a P/E ratio of 7.18 and a beta of 0.88. The business’s 50 day moving average price is $20.91 and its 200-day moving average price is $21.57.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $276.79 million during the quarter, compared to analyst estimates of $280.92 million. Rayonier had a return on equity of 3.61% and a net margin of 68.61%.The firm’s revenue was up 233.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, equities research analysts anticipate that Rayonier Inc. will post 0.36 earnings per share for the current year.

Rayonier Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 16th. Rayonier’s dividend payout ratio (DPR) is currently 34.44%.

Insider Activity at Rayonier

In other news, CFO Wayne Wasechek sold 2,920 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $21.17, for a total value of $61,816.40. Following the completion of the sale, the chief financial officer directly owned 115,530 shares of the company’s stock, valued at approximately $2,445,770.10. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

RYN has been the topic of several analyst reports. Royal Bank Of Canada set a $24.00 target price on shares of Rayonier in a research note on Thursday, April 16th. Citigroup cut their price target on shares of Rayonier from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Truist Financial boosted their price objective on shares of Rayonier from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, BMO Capital Markets dropped their target price on shares of Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.80.

Rayonier Profile

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.