Stephens Inc. AR Makes New $812,000 Investment in Rayonier Inc. $RYN

Stephens Inc. AR acquired a new position in shares of Rayonier Inc. (NYSE:RYN) during the 1st quarter, Holdings Channel.com reports. The fund acquired 39,358 shares of the real estate investment trust’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Baker Ellis Asset Management LLC raised its stake in shares of Rayonier by 3.8% in the fourth quarter. Baker Ellis Asset Management LLC now owns 12,942 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 469 shares in the last quarter. Bfsg LLC lifted its position in Rayonier by 0.6% in the fourth quarter. Bfsg LLC now owns 78,219 shares of the real estate investment trust’s stock worth $1,693,000 after purchasing an additional 492 shares during the period. Quarry LP boosted its stake in Rayonier by 19.8% during the fourth quarter. Quarry LP now owns 3,012 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 498 shares in the last quarter. Greenwood Gearhart Inc. boosted its stake in Rayonier by 4.9% during the fourth quarter. Greenwood Gearhart Inc. now owns 10,802 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 502 shares in the last quarter. Finally, Hartford Financial Management Inc. increased its holdings in Rayonier by 49.7% in the 4th quarter. Hartford Financial Management Inc. now owns 1,732 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 575 shares during the period. 89.12% of the stock is currently owned by institutional investors.

Rayonier Trading Up 1.9%

Shares of NYSE RYN opened at $21.30 on Friday. Rayonier Inc. has a 1-year low of $19.49 and a 1-year high of $27.33. The company has a 50-day moving average of $20.92 and a two-hundred day moving average of $21.53. The company has a market cap of $6.40 billion, a PE ratio of 7.05 and a beta of 0.88. The company has a current ratio of 2.53, a quick ratio of 2.21 and a debt-to-equity ratio of 0.35.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $276.79 million for the quarter, compared to analysts’ expectations of $280.92 million. Rayonier had a net margin of 68.61% and a return on equity of 3.61%. Rayonier’s revenue was up 233.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. As a group, equities analysts expect that Rayonier Inc. will post 0.36 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.04 annualized dividend and a yield of 4.9%. Rayonier’s dividend payout ratio is currently 34.44%.

Insider Buying and Selling

In other Rayonier news, CFO Wayne Wasechek sold 2,920 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $21.17, for a total value of $61,816.40. Following the transaction, the chief financial officer directly owned 115,530 shares in the company, valued at approximately $2,445,770.10. This trade represents a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

RYN has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Rayonier from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Truist Financial increased their price target on shares of Rayonier from $24.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada set a $24.00 price objective on Rayonier in a report on Thursday, April 16th. Citigroup lowered their price objective on Rayonier from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.80.

Rayonier Company 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.