Versor Investments LP Has $334,000 Position in Rayonier Inc. $RYN

Versor Investments LP lowered its holdings in Rayonier Inc. (NYSE:RYN) by 77.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,059 shares of the real estate investment trust’s stock after selling 50,456 shares during the quarter. Versor Investments LP’s holdings in Rayonier were worth $334,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Securian Asset Management Inc. boosted its stake in Rayonier by 4.6% in the first quarter. Securian Asset Management Inc. now owns 10,603 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 466 shares in the last quarter. Hollencrest Capital Management boosted its stake in Rayonier by 5.1% in the first quarter. Hollencrest Capital Management now owns 10,509 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 509 shares in the last quarter. Voya Investment Management LLC boosted its stake in Rayonier by 2.8% in the first quarter. Voya Investment Management LLC now owns 19,266 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 521 shares in the last quarter. Hamilton Point Investment Advisors LLC boosted its stake in Rayonier by 4.5% in the first quarter. Hamilton Point Investment Advisors LLC now owns 13,183 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 563 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Rayonier by 1.3% in the second quarter. Public Employees Retirement System of Ohio now owns 50,403 shares of the real estate investment trust’s stock worth $1,118,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Trading Up 1.2%

NYSE:RYN opened at $22.06 on Thursday. Rayonier Inc. has a 1-year low of $21.23 and a 1-year high of $32.88. The business’s 50-day moving average price is $25.30 and its two-hundred day moving average price is $24.46. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 4.46 and a beta of 0.98.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The firm had revenue of $177.50 million for the quarter, compared to analyst estimates of $162.82 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 43.0% on a year-over-year basis. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. On average, equities analysts expect that Rayonier Inc. will post 0.55 earnings per share for the current year.

Rayonier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.09 annualized dividend and a yield of 4.9%. Rayonier’s dividend payout ratio is presently 22.02%.

Analyst Upgrades and Downgrades

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

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.