Rayonier Inc. $RYN Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Rayonier Inc. (NYSE:RYN) by 11.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 70,172 shares of the real estate investment trust’s stock after selling 9,210 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Rayonier were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RYN. Elequin Capital LP acquired a new stake in Rayonier in the 1st quarter worth about $30,000. GKV Capital Management Co. Inc. acquired a new stake in Rayonier during the 1st quarter worth $32,000. IFP Advisors Inc boosted its stake in Rayonier by 8,272.0% during the 2nd quarter. IFP Advisors Inc now owns 2,093 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,068 shares during the last quarter. Headlands Technologies LLC boosted its stake in Rayonier by 223.4% during the 1st quarter. Headlands Technologies LLC now owns 2,076 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,434 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Rayonier by 54.6% during the 1st quarter. GAMMA Investing LLC now owns 2,680 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 947 shares during the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RYN shares. Citigroup lifted their target price on shares of Rayonier from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rayonier in a research note on Tuesday, October 14th. Wall Street Zen upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada lifted their price target on Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.00.

Rayonier Stock Down 0.3%

RYN stock opened at $22.51 on Friday. The firm has a market cap of $3.47 billion, a PE ratio of 4.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.38 and a current ratio of 3.50. The firm’s 50 day moving average price is $25.68 and its 200-day moving average price is $24.55. Rayonier Inc. has a one year low of $21.84 and a one year high of $32.88.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $106.50 million for the quarter, compared to analyst estimates of $95.30 million. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. Rayonier’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. On average, equities research analysts anticipate that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, December 10th. Rayonier’s payout ratio is 22.02%.

Rayonier Company 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.