30,046 Rayonier Inc. $RYN Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in Rayonier Inc. (NYSE:RYN) by 231.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,001 shares of the real estate investment trust’s stock after acquiring an additional 30,046 shares during the quarter. International Assets Investment Management LLC’s holdings in Rayonier were worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Choreo LLC lifted its position in Rayonier by 5.0% during the third quarter. Choreo LLC now owns 18,870 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 899 shares during the period. D.A. Davidson & CO. boosted its holdings in Rayonier by 8.9% in the third quarter. D.A. Davidson & CO. now owns 16,042 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 1,312 shares during the last quarter. Abundance Wealth Counselors grew its position in Rayonier by 9.4% in the 3rd quarter. Abundance Wealth Counselors now owns 61,291 shares of the real estate investment trust’s stock worth $1,125,000 after purchasing an additional 5,267 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Rayonier in the 3rd quarter worth approximately $261,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in Rayonier in the 3rd quarter worth approximately $317,000. 89.12% of the stock is owned by hedge funds and other institutional investors.

Rayonier Trading Up 3.2%

NYSE:RYN opened at $20.25 on Thursday. Rayonier Inc. has a one year low of $17.71 and a one year high of $24.82. The business has a fifty day moving average price of $19.43 and a 200-day moving average price of $20.93. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 44.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.56 and a quick ratio of 2.91.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $565.60 million for the quarter, compared to the consensus estimate of $406.98 million. Rayonier had a return on equity of 3.49% and a net margin of 7.83%. The business’s revenue for the quarter was up 218.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. Sell-side analysts forecast that Rayonier Inc. will post 0.42 EPS for the current year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Thursday, December 17th. Rayonier’s dividend payout ratio is presently 231.11%.

Insider Transactions at Rayonier

In other news, EVP Mark Bridwell sold 5,318 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $20.19, for a total value of $107,370.42. Following the completion of the transaction, the executive vice president owned 131,661 shares of the company’s stock, valued at $2,658,235.59. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 6,219 shares of company stock valued at $124,088. Corporate insiders own 0.85% of the company’s stock.

Rayonier News Roundup

Here are the key news stories impacting Rayonier this week:

• Positive Sentiment: Rayonier earned adjusted EPS of $0.13, beating the $0.10 consensus, and revenue of $565.6 million exceeded estimates of $407.0 million. Revenue rose 218.6% year over year, with the addition of PotlatchDeltic assets contributing to growth. Rayonier tops Q3 earnings and revenue estimates
• Positive Sentiment: The company increased its share-repurchase authorization by $300 million, signaling capacity to return more capital to shareholders and potentially supporting demand for the shares. Rayonier increases share-repurchase authorization
• Neutral Sentiment: Adjusted EBITDA rose 27%, with the PotlatchDeltic assets contributing to the increase. This points to stronger operating scale, though growth partly reflects the expanded asset base. Rayonier Q3 EBITDA and lumber-price outlook
• Negative Sentiment: EPS declined from $0.32 a year earlier to $0.13, and Rayonier expects lower lumber prices ahead, which could pressure future results. Rayonier Q3 EBITDA and lumber-price outlook

Analyst Upgrades and Downgrades

RYN has been the subject of a number of research reports. Truist Financial decreased their target price on shares of Rayonier from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Seaport Research Partners restated a “buy” rating and issued a $30.00 price target on shares of Rayonier in a research note on Thursday, October 8th. Weiss Ratings raised Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Royal Bank Of Canada cut their price objective on Rayonier from $24.00 to $20.00 and set a “sector perform” rating for the company in a report on Friday, October 16th. Finally, Citigroup reduced their price objective on Rayonier from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.80.

Rayonier Company Profile

Rayonier Inc (NYSE:RYN) is a real estate investment trust that owns and manages timberlands and other rural land assets. The company’s primary business is the sustainable management of forest resources, with timber harvested and sold for use in lumber, paper, packaging, and other wood products.

Rayonier’s timber operations are located primarily in the U.S. South, the Pacific Northwest, and New Zealand. Its activities include forest management, timber sales, land conservation, and the sale of higher and better use properties, such as land suitable for residential, commercial, or industrial development.

In addition to its timber business, Rayonier generates value from real estate transactions, renewable energy opportunities, conservation initiatives, and other alternative uses of its land portfolio.