Charles Schwab Investment Management Inc. Acquires 7,733 Shares of Rayonier Inc. (NYSE:RYN)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Rayonier Inc. (NYSE:RYN) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,441,846 shares of the real estate investment trust’s stock after buying an additional 7,733 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Rayonier were worth $78,579,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in Rayonier during the 3rd quarter valued at $25,000. Advisors Asset Management Inc. bought a new stake in Rayonier during the first quarter valued at about $26,000. GAMMA Investing LLC grew its stake in Rayonier by 53.5% in the second quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 376 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Rayonier by 165.1% in the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 672 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Rayonier during the second quarter valued at about $40,000. Institutional investors own 89.12% of the company’s stock.

Rayonier Stock Performance

RYN opened at $31.82 on Thursday. The company has a market cap of $4.74 billion, a P/E ratio of 29.97 and a beta of 1.05. The company has a quick ratio of 1.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average price is $31.38 and its 200-day moving average price is $30.36. Rayonier Inc. has a 52-week low of $27.40 and a 52-week high of $35.29.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $211.21 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.14 annualized dividend and a yield of 3.58%. Rayonier’s payout ratio is presently 107.55%.

Insider Activity

In related news, Director V. Larkin Martin sold 10,011 shares of Rayonier stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the completion of the sale, the director now owns 40,168 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RYN. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Truist Financial upped their price target on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report 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.