Rayonier (NYSE:RYN) SVP Sells $16,462.72 in Stock

Rayonier Inc. (NYSE:RYN) SVP Ryan Daniels sold 887 shares of Rayonier stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $18.56, for a total value of $16,462.72. Following the completion of the sale, the senior vice president directly owned 53,713 shares in the company, valued at $996,913.28. This represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rayonier Stock Performance

Shares of Rayonier stock opened at $18.07 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.56 and a quick ratio of 2.91. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 40.15 and a beta of 0.89. The stock’s 50-day moving average is $20.63 and its 200-day moving average is $20.84. Rayonier Inc. has a one year low of $17.91 and a one year high of $27.06.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $374.28 million. Rayonier had a return on equity of 3.49% and a net margin of 7.83%.Rayonier’s quarterly revenue was up 272.3% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. Equities analysts predict that Rayonier Inc. will post 0.44 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Wednesday, September 16th. Rayonier’s dividend payout ratio (DPR) is currently 231.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RYN. Envestnet Portfolio Solutions Inc. raised its stake in shares of Rayonier by 231.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 71,878 shares of the real estate investment trust’s stock worth $1,530,000 after purchasing an additional 50,185 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Rayonier by 7.9% in the second quarter. Integrated Wealth Concepts LLC now owns 15,117 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 1,111 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Rayonier by 193.9% during the second quarter. Squarepoint Ops LLC now owns 128,602 shares of the real estate investment trust’s stock worth $2,737,000 after buying an additional 84,843 shares during the last quarter. Waverly Advisors LLC increased its holdings in Rayonier by 13.9% during the second quarter. Waverly Advisors LLC now owns 99,991 shares of the real estate investment trust’s stock worth $2,128,000 after buying an additional 12,211 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC bought a new stake in Rayonier during the second quarter worth $932,000. 89.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RYN has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Rayonier from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Citigroup lifted their price target on shares of Rayonier from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.80.

Rayonier Company Profile

Rayonier Inc (NYSE:RYN) is a real estate investment trust that owns, leases and manages timberlands. The company generates revenue primarily from the sale of timber and logs, as well as from real estate transactions and leases involving its land holdings.

Rayonier’s timber operations span the U.S. South, the Pacific Northwest and New Zealand. Its products include timber used in construction, packaging, paper and other wood-related applications. The company also pursues opportunities involving rural land, conservation, renewable energy and other alternative uses of its properties.

Founded in 1926, Rayonier has evolved from a forest-products company into a publicly traded timberland owner and manager.