UMB Bank n.a. Buys 525 Shares of Rayonier Inc. (NYSE:RYN)

UMB Bank n.a. grew its stake in shares of Rayonier Inc. (NYSE:RYN) by 59.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,404 shares of the real estate investment trust’s stock after purchasing an additional 525 shares during the quarter. UMB Bank n.a.’s holdings in Rayonier were worth $37,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Rayonier in the 3rd quarter worth approximately $25,000. Venturi Wealth Management LLC raised its holdings in Rayonier by 165.1% during the third 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 last quarter. Blue Trust Inc. lifted its holdings in Rayonier by 539.9% in the 3rd quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,042 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Rayonier by 41.8% in the 4th quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 511 shares during the period. Finally, Covestor Ltd grew its position in Rayonier by 135.7% in the third quarter. Covestor Ltd now owns 1,782 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,026 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Citigroup cut their price target on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, According to MarketBeat, Rayonier currently has a consensus rating of “Hold” and a consensus target price of $29.67.

Rayonier Stock Up 0.0 %

Shares of RYN opened at $26.29 on Friday. The company has a market capitalization of $3.92 billion, a PE ratio of 24.80 and a beta of 1.04. Rayonier Inc. has a 12 month low of $24.88 and a 12 month high of $35.29. The company has a current ratio of 1.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average price is $28.13 and its two-hundred day moving average price is $29.80.

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). The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $211.21 million. Rayonier had a net margin of 15.84% and a return on equity of 2.95%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. On average, analysts anticipate that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier Increases Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, December 12th will be issued a dividend of $1.80 per share. This is a boost from Rayonier’s previous special dividend of $0.20. Rayonier’s payout ratio is presently 107.55%.

Rayonier declared that its board has approved a stock buyback program on Monday, December 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.