Stephens Inc. AR Purchases New Shares in Rayonier Inc. $RYN

Stephens Inc. AR purchased a new position in Rayonier Inc. (NYSE:RYN) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 39,358 shares of the real estate investment trust’s stock, valued at approximately $812,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. acquired a new position in shares of Rayonier in the fourth quarter worth about $34,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $34,000 after acquiring an additional 627 shares during the period. Bayban acquired a new position in Rayonier in the 1st quarter valued at approximately $36,000. Hartford Financial Management Inc. increased its stake 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. Finally, North Star Investment Management Corp. purchased a new stake in Rayonier in the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 89.12% of the company’s stock.

Insider Transactions at Rayonier

In other Rayonier news, CFO Wayne Wasechek sold 2,920 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $21.17, for a total transaction of $61,816.40. Following the transaction, the chief financial officer owned 115,530 shares in the company, valued at $2,445,770.10. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. 0.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup decreased 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. Truist Financial upped their price target on shares of Rayonier from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. BMO Capital Markets cut their price objective on Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, May 19th. Weiss Ratings cut Rayonier from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Rayonier from a “sell” rating to a “hold” rating in a research note 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.80.

Rayonier Stock Up 1.9%

RYN stock opened at $21.30 on Friday. The firm has a market cap of $6.40 billion, a PE ratio of 7.05 and a beta of 0.88. Rayonier Inc. has a 1 year low of $19.49 and a 1 year high of $27.33. The company has a fifty day simple moving average of $20.92 and a 200 day simple moving average of $21.53. 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 posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $276.79 million for the quarter, compared to analyst estimates of $280.92 million. Rayonier had a return on equity of 3.61% and a net margin of 68.61%.The business’s revenue was up 233.9% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share. Sell-side analysts anticipate that Rayonier Inc. will post 0.36 EPS for the current fiscal year.

Rayonier Dividend Announcement

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

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.