Quantbot Technologies LP Acquires New Shares in Rayonier Inc. $RYN

Quantbot Technologies LP bought a new stake in shares of Rayonier Inc. (NYSE:RYN) during the second quarter, Holdings Channel.com reports. The fund bought 75,429 shares of the real estate investment trust’s stock, valued at approximately $1,605,000.

Several other institutional investors have also recently made changes to their positions in the stock. Eurizon Capital SGR S.p.A. bought a new position in shares of Rayonier in the fourth quarter worth $34,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Rayonier by 65.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 627 shares during the period. Bayban purchased a new stake in Rayonier during the 1st quarter worth about $36,000. Whittier Trust Co. lifted its holdings in Rayonier by 74.0% during the 1st quarter. Whittier Trust Co. now owns 2,279 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 969 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in Rayonier during the 1st quarter worth about $51,000. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Rayonier Trading Up 0.0%

Shares of RYN stock opened at $21.21 on Tuesday. The company has a market capitalization of $6.31 billion, a PE ratio of 47.13 and a beta of 0.87. Rayonier Inc. has a 52-week low of $19.49 and a 52-week high of $27.10. The business’s fifty day moving average is $21.48 and its 200 day moving average is $21.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.91 and a current ratio of 3.56.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $396.51 million during the quarter, compared to analysts’ expectations of $374.28 million. Rayonier had a return on equity of 3.49% and a net margin of 7.83%.The firm’s revenue was up 272.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities research analysts anticipate that Rayonier Inc. will post 0.42 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, September 16th. Rayonier’s dividend payout ratio (DPR) is 231.11%.

Analyst Ratings Changes

RYN has been the subject of a number of recent analyst reports. Citigroup lifted their target price on Rayonier from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Truist Financial cut their price objective on shares of Rayonier from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. Finally, BMO Capital Markets reduced their price objective on shares of Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.80.

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.