Segall Bryant & Hamill LLC Buys Shares of 11,584 Rayonier Inc. (NYSE:RYN)

Segall Bryant & Hamill LLC purchased a new stake in Rayonier Inc. (NYSE:RYN) in the 3rd quarter, Holdings Channel reports. The firm purchased 11,584 shares of the real estate investment trust’s stock, valued at approximately $373,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RYN. V Square Quantitative Management LLC acquired a new position in shares of Rayonier in the 3rd quarter valued at $25,000. Advisors Asset Management Inc. acquired a new position in Rayonier in the 1st quarter worth $26,000. GAMMA Investing LLC boosted its stake in Rayonier by 53.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 376 shares during the period. Venturi Wealth Management LLC boosted its stake in Rayonier by 165.1% in the 3rd 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 during the period. Finally, Quest Partners LLC acquired a new position in Rayonier in the 2nd quarter worth $40,000. Institutional investors and hedge funds own 89.12% of the company’s stock.

Insider Transactions at Rayonier

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were 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 of the company’s stock, valued at approximately $1,227,935.76. This represents a 19.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RYN. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Truist Financial increased their target price on shares of Rayonier from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th.

Rayonier Price Performance

Shares of NYSE:RYN opened at $31.05 on Monday. The firm has a market cap of $4.63 billion, a PE ratio of 29.29 and a beta of 1.05. The firm’s fifty day moving average is $31.38 and its 200-day moving average is $30.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.85 and a current ratio of 1.99. Rayonier Inc. has a 52 week low of $27.40 and a 52 week high of $35.29.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share (EPS) 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 firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $211.21 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Rayonier’s quarterly revenue was down 3.3% on a year-over-year basis. Sell-side analysts predict that Rayonier Inc. will post 0.38 earnings per share for the current year.

Rayonier Announces Dividend

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

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.