GAMMA Investing LLC Has $45,000 Position in Rayonier Inc. (NYSE:RYN)

GAMMA Investing LLC increased its stake in shares of Rayonier Inc. (NYSE:RYN) by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,733 shares of the real estate investment trust’s stock after purchasing an additional 511 shares during the quarter. GAMMA Investing LLC’s holdings in Rayonier were worth $45,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Rayonier by 1.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 28,472 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 368 shares during the period. Sei Investments Co. boosted its holdings in shares of Rayonier by 1.3% during the second quarter. Sei Investments Co. now owns 30,341 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 391 shares during the period. CWM LLC boosted its holdings in shares of Rayonier by 20.6% during the third quarter. CWM LLC now owns 2,849 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 487 shares during the period. Bank of Montreal Can boosted its holdings in shares of Rayonier by 2.1% during the second quarter. Bank of Montreal Can now owns 23,606 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 490 shares during the period. Finally, Handelsbanken Fonder AB raised its position in Rayonier by 1.5% during the third quarter. Handelsbanken Fonder AB now owns 40,939 shares of the real estate investment trust’s stock valued at $1,317,000 after acquiring an additional 600 shares in the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in 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 cut their price objective on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, January 6th.

Rayonier Trading Up 1.6 %

NYSE:RYN opened at $25.34 on Tuesday. Rayonier Inc. has a 12 month low of $24.88 and a 12 month high of $35.29. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 23.91 and a beta of 1.04. 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 company’s 50 day moving average is $28.92 and its 200-day moving average is $29.93.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 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 firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $211.21 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts anticipate that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier declared that its board has approved a share buyback plan on Monday, December 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Rayonier Increases Dividend

The company also recently declared a special dividend, which will be paid on Thursday, January 30th. Stockholders of record on Thursday, December 12th will be given a $1.80 dividend. This is a positive change from Rayonier’s previous special dividend of $0.20. Rayonier’s dividend payout ratio (DPR) is currently 107.55%.

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.