Rayonier Inc. (NYSE:RYN) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Rayonier Inc. (NYSE:RYN) by 7.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,727,910 shares of the real estate investment trust’s stock after selling 223,380 shares during the quarter. Victory Capital Management Inc.’s holdings in Rayonier were worth $87,784,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Rayonier in the 1st quarter worth about $26,000. V Square Quantitative Management LLC acquired a new stake in shares of Rayonier in the 3rd quarter worth about $25,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 376 shares during the period. Venturi Wealth Management LLC increased its stake in Rayonier by 165.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 672 shares during the period. Finally, Blue Trust Inc. increased its stake in Rayonier by 539.9% during the 3rd quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,042 shares during the period. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Stock Performance

Shares of RYN opened at $30.10 on Thursday. The company’s 50 day moving average price is $31.49 and its 200 day moving average price is $30.31. Rayonier Inc. has a 52 week low of $27.40 and a 52 week high of $35.29. The company has a market capitalization of $4.48 billion, a PE ratio of 28.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.78 and a current ratio of 1.99.

Rayonier (NYSE:RYN) last announced its quarterly earnings data 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 company had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $211.21 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts expect that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Tuesday, December 17th. Rayonier’s payout ratio is presently 107.55%.

Wall Street Analysts Forecast Growth

Several research firms have commented on RYN. Truist Financial raised their target price on shares of Rayonier from $31.00 to $32.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. StockNews.com downgraded shares of Rayonier from a “hold” rating to a “sell” rating in a research report on Friday, November 8th.

Insiders Place Their Bets

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the business’s stock in a transaction that occurred on 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 $1,227,935.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.83% of the company’s stock.

About Rayonier

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.