Segall Bryant & Hamill LLC Buys New Stake in Rayonier Inc. (NYSE:RYN)

Segall Bryant & Hamill LLC bought a new stake in Rayonier Inc. (NYSE:RYN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,584 shares of the real estate investment trust’s stock, valued at approximately $373,000.

Several other large investors have also recently added to or reduced their stakes in the business. Firetrail Investments PTY Ltd. boosted its stake in Rayonier by 0.7% during the 3rd quarter. Firetrail Investments PTY Ltd. now owns 246,287 shares of the real estate investment trust’s stock valued at $7,918,000 after purchasing an additional 1,681 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Rayonier during the 3rd quarter valued at $311,000. Entropy Technologies LP bought a new position in Rayonier during the 3rd quarter valued at $338,000. Venturi Wealth Management LLC boosted its stake in Rayonier by 165.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 672 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Rayonier by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 65,078 shares of the real estate investment trust’s stock valued at $2,094,000 after purchasing an additional 768 shares in the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.

Rayonier Stock Performance

Shares of Rayonier stock opened at $31.05 on Monday. The stock has a market cap of $4.63 billion, a PE ratio of 29.29 and a beta of 1.05. The business has a fifty day simple moving average of $31.38 and a 200-day simple moving average of $30.34. The company has a quick ratio of 1.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.71. Rayonier Inc. has a 12 month low of $27.40 and a 12 month high of $35.29.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Rayonier had a net margin of 15.84% and a return on equity of 2.95%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $211.21 million. During the same quarter last year, the business earned $0.13 earnings per share. Rayonier’s quarterly revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.67%. Rayonier’s payout ratio is presently 107.55%.

Insider Transactions at Rayonier

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 sale, the director now directly owns 40,168 shares of the company’s stock, valued at approximately $1,227,935.76. The trade was a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RYN has been the subject of a number of research reports. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Truist Financial raised their price objective on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th.

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.