Janus Henderson Group PLC Increases Stock Position in Rayonier Inc. $RYN

Janus Henderson Group PLC grew its holdings in Rayonier Inc. (NYSE:RYN) by 104.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,727 shares of the real estate investment trust’s stock after purchasing an additional 68,166 shares during the quarter. Janus Henderson Group PLC’s holdings in Rayonier were worth $2,759,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bfsg LLC raised its position in shares of Rayonier by 0.6% during the 4th 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 last quarter. Quarry LP grew its holdings in Rayonier by 19.8% during the 4th quarter. Quarry LP now owns 3,012 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 498 shares during the last quarter. Greenwood Gearhart Inc. grew its holdings in Rayonier by 4.9% during the 4th quarter. Greenwood Gearhart Inc. now owns 10,802 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 502 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Rayonier by 65.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 627 shares in the last quarter. Finally, Timber Creek Capital Management LLC increased its position in Rayonier by 4.6% during the fourth quarter. Timber Creek Capital Management LLC now owns 14,594 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 637 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings downgraded Rayonier from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada set a $24.00 price objective on Rayonier in a research report on Thursday, April 16th. Citigroup cut their target price on shares of Rayonier from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. BMO Capital Markets reduced their target price on shares of Rayonier from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, May 19th. Finally, Truist Financial decreased their price target on shares of Rayonier from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.60.

Rayonier Stock Up 1.6%

RYN opened at $21.78 on Friday. Rayonier Inc. has a 12 month low of $19.49 and a 12 month high of $27.33. The business has a 50-day moving average of $21.41 and a two-hundred day moving average of $21.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.56 and a quick ratio of 2.21. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 48.41 and a beta of 0.87.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Rayonier had a net margin of 7.83% and a return on equity of 3.49%. The business had revenue of $396.51 million for the quarter, compared to analyst estimates of $374.28 million. During the same period in the prior year, the firm posted $0.06 EPS. The company’s revenue was up 272.3% on a year-over-year basis. On average, research analysts expect that Rayonier Inc. will post 0.39 earnings per share for the current year.

Rayonier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $1.04 dividend on an annualized basis and a yield of 4.8%. Rayonier’s dividend payout ratio (DPR) is currently 231.11%.

About Rayonier

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.