Russell Investments Group Ltd. Has $11.21 Million Stock Holdings in Rayonier Inc. $RYN

Russell Investments Group Ltd. reduced its stake in Rayonier Inc. by 11.9% in Q2, now holding $11.21 million worth of shares. Rayonier's stock opened at $21.60, with a market cap of $3.32 billion. Analysts have mixed ratings, with a consensus "Hold" and a target price of $27.25. Rayonier reported Q3 earnings of $0.32 per share, beating estimates, and announced a quarterly dividend of $0.2725 per share.

Russell Investments Group Ltd. lowered its stake in shares of Rayonier Inc. (NYSE:RYN - Free Report) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 505,240 shares of the real estate investment trust's stock after selling 68,065 shares during the period. Russell Investments Group Ltd. owned approximately 0.33% of Rayonier worth $11,206,000 as of its most recent filing with the Securities and Exchange Commission.

Rayonier-PotlatchDeltic Merger Signals Industry Upside

A number of other institutional investors and hedge funds also recently made changes to their positions in RYN. Allworth Financial LP grew its stake in shares of Rayonier by 213.7% in the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 829 shares during the period. Elequin Capital LP bought a new position in Rayonier in the first quarter worth approximately $30,000. GKV Capital Management Co. Inc. bought a new position in Rayonier in the first quarter worth approximately $32,000. IFP Advisors Inc grew its stake in Rayonier by 8,272.0% in the second quarter. IFP Advisors Inc now owns 2,093 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 2,068 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Rayonier by 38.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,493 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 692 shares in the last quarter. Institutional investors own 89.12% of the company's stock.

Rayonier Trading Down 2.7%

Shares of Rayonier stock opened at $21.60 on Tuesday. The stock has a fifty day simple moving average of $23.79 and a 200 day simple moving average of $24.20. Rayonier Inc. has a 12-month low of $21.06 and a 12-month high of $32.74. The company has a market capitalization of $3.32 billion, a P/E ratio of 4.36 and a beta of 0.98. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37.

3 Stocks About to Book Gains on Building Products Demand

Rayonier (NYSE:RYN - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $177.53 million for the quarter, compared to analysts' expectations of $162.82 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The business's revenue was up 43.0% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. On average, sell-side analysts anticipate that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, December 10th. Rayonier's dividend payout ratio (DPR) is presently 21.63%.

Analyst Ratings Changes

3 Construction Stocks Bringing Growth this Fall

A number of equities analysts recently issued reports on RYN shares. Citigroup cut their target price on Rayonier from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, November 12th. Wall Street Zen upgraded shares of Rayonier from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada raised their price objective on shares of Rayonier from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Rayonier in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.25.

View Our Latest Stock Report on Rayonier

About Rayonier

(Free Report)

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.

Should You Invest $1,000 in Rayonier Right Now?

Before you consider Rayonier, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rayonier wasn't on the list.

While Rayonier currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here