Xcel Wealth Management LLC Lowers Position in Rayonier Inc. (NYSE:RYN)

Xcel Wealth Management LLC cut its holdings in shares of Rayonier Inc. (NYSE:RYN) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,050 shares of the real estate investment trust’s stock after selling 550 shares during the quarter. Xcel Wealth Management LLC’s holdings in Rayonier were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RYN. V Square Quantitative Management LLC acquired a new stake in Rayonier in the 3rd quarter valued at about $25,000. Advisors Asset Management Inc. acquired a new stake in Rayonier in the 1st quarter valued at about $26,000. GAMMA Investing LLC raised its position in Rayonier by 53.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 376 shares in the last quarter. Quest Partners LLC acquired a new stake in Rayonier in the 2nd quarter valued at about $40,000. Finally, Blue Trust Inc. raised its position in Rayonier by 539.9% in the 3rd quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,042 shares in the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of Rayonier stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the transaction, the director now owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RYN. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. Truist Financial raised their target price on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th.

Rayonier Stock Down 1.2 %

Shares of NYSE RYN traded down $0.37 during midday trading on Tuesday, hitting $31.58. 156,438 shares of the company’s stock were exchanged, compared to its average volume of 599,306. The company has a market cap of $4.70 billion, a PE ratio of 31.66 and a beta of 1.04. Rayonier Inc. has a twelve month low of $24.84 and a twelve month high of $35.29. The firm’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $30.28. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.98 and a quick ratio of 1.78.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.12). The firm had revenue of $173.60 million for the quarter, compared to analyst estimates of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The company’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. Research analysts predict that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.61%. Rayonier’s dividend payout ratio (DPR) is 114.00%.

Rayonier Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.