Venturi Wealth Management LLC Grows Stock Position in Rayonier Inc. (NYSE:RYN)

Venturi Wealth Management LLC grew its position in shares of Rayonier Inc. (NYSE:RYN) by 165.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,079 shares of the real estate investment trust’s stock after buying an additional 672 shares during the period. Venturi Wealth Management LLC’s holdings in Rayonier were worth $35,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Rayonier by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,294,936 shares of the real estate investment trust’s stock valued at $541,645,000 after purchasing an additional 196,571 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Rayonier by 308.5% in the 2nd quarter. SG Americas Securities LLC now owns 31,717 shares of the real estate investment trust’s stock worth $923,000 after buying an additional 23,953 shares during the period. Edgestream Partners L.P. purchased a new position in Rayonier in the 2nd quarter valued at approximately $732,000. Boston Partners bought a new stake in Rayonier during the 1st quarter valued at $957,000. Finally, Walleye Trading LLC purchased a new stake in shares of Rayonier during the first quarter worth $1,203,000. Institutional investors own 89.12% of the company’s stock.

Wall Street Analysts Forecast Growth

RYN has been the subject of several recent research reports. Truist Financial lifted their price target on Rayonier from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday.

Rayonier Trading Up 0.8 %

Shares of RYN stock opened at $29.97 on Friday. The company has a market capitalization of $4.47 billion, a PE ratio of 28.27 and a beta of 1.05. Rayonier Inc. has a 52-week low of $27.40 and a 52-week high of $35.29. The business’s fifty day moving average is $31.46 and its 200 day moving average is $30.30. 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 released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share 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 business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $211.21 million. During the same period in the previous year, the business earned $0.13 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Rayonier Inc. will post 0.38 EPS for the current fiscal year.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s payout ratio is 107.55%.

Insider Transactions at Rayonier

In other news, Director V. Larkin Martin sold 10,011 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 40,168 shares in the company, valued at approximately $1,227,935.76. This represents a 19.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.83% of the company’s stock.

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.