Brown Lisle Cummings Inc. Sells 389 Shares of Rayonier Inc. (NYSE:RYN)

Brown Lisle Cummings Inc. lessened its stake in shares of Rayonier Inc. (NYSE:RYN) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,372 shares of the real estate investment trust’s stock after selling 389 shares during the period. Brown Lisle Cummings Inc.’s holdings in Rayonier were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its holdings in Rayonier by 18.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,808 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 600 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Rayonier by 525.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,551 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 2,143 shares in the last quarter. State of Michigan Retirement System increased its position in Rayonier by 2.4% in the first quarter. State of Michigan Retirement System now owns 33,493 shares of the real estate investment trust’s stock worth $1,113,000 after purchasing an additional 800 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Rayonier by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 84,739 shares of the real estate investment trust’s stock valued at $2,815,000 after purchasing an additional 439 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Rayonier by 2.6% during the first quarter. Principal Financial Group Inc. now owns 514,509 shares of the real estate investment trust’s stock valued at $17,102,000 after purchasing an additional 12,971 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Insider Buying and Selling

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the completion of the sale, the director now directly owns 40,168 shares in the company, valued at approximately $1,227,935.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RYN shares. StockNews.com upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. Truist Financial lifted their target price on Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th.

Rayonier Stock Up 0.8 %

Shares of RYN opened at $32.36 on Monday. The firm has a fifty day moving average price of $31.04 and a 200-day moving average price of $30.29. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $4.82 billion, a P/E ratio of 28.89 and a beta of 1.04. Rayonier Inc. has a 12-month low of $24.84 and a 12-month high of $35.29.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.12). The company had revenue of $173.60 million during the quarter, compared to analysts’ expectations of $218.86 million. Rayonier had a net margin of 14.78% and a return on equity of 3.00%. Rayonier’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. Equities research analysts expect that Rayonier Inc. will post 0.38 earnings per share for the current year.

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.