Rayonier (NYSE:RYN) Stock Rating Upgraded by StockNews.com

Rayonier (NYSE:RYN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Truist Financial upped 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 $29.97 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.99 and a debt-to-equity ratio of 0.71. Rayonier has a fifty-two week low of $27.40 and a fifty-two week high of $35.29. The firm has a 50-day simple moving average of $31.46 and a 200 day simple moving average of $30.30. The company has a market cap of $4.47 billion, a PE ratio of 28.27 and a beta of 1.05.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Rayonier had a return on equity of 2.95% and a net margin of 15.84%. The firm had revenue of $195.00 million during the quarter, compared to the consensus estimate of $211.21 million. During the same quarter last year, the company posted $0.13 EPS. Rayonier’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Rayonier will post 0.38 EPS for the current year.

Insider Activity

In other news, Director V. Larkin Martin sold 10,011 shares of the 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 transaction, the director now directly owns 40,168 shares in the company, valued at $1,227,935.76. This trade represents a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Institutional Trading of Rayonier

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new stake in Rayonier during the first quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Rayonier during the third quarter valued at approximately $25,000. GAMMA Investing LLC lifted its stake in Rayonier by 53.5% during the second quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 376 shares during the last quarter. Venturi Wealth Management LLC lifted its stake 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 valued at $35,000 after purchasing an additional 672 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Rayonier by 539.9% during the third 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 during the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

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.