Public Employees Retirement Association of Colorado Sells 3,125 Shares of Rayonier Inc. (NYSE:RYN)

Public Employees Retirement Association of Colorado trimmed its stake in shares of Rayonier Inc. (NYSE:RYN) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,668 shares of the real estate investment trust’s stock after selling 3,125 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Rayonier were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Rayonier by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,294,936 shares of the real estate investment trust’s stock worth $541,645,000 after acquiring an additional 196,571 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Rayonier in the 1st quarter worth approximately $320,000. Advisors Asset Management Inc. purchased a new stake in Rayonier in the 1st quarter worth approximately $26,000. EntryPoint Capital LLC lifted its holdings in Rayonier by 165.2% in the 1st quarter. EntryPoint Capital LLC now owns 4,952 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 3,085 shares during the period. Finally, MQS Management LLC purchased a new stake in Rayonier in the 1st quarter worth approximately $526,000. 89.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RYN shares. Truist Financial dropped their price objective on Rayonier from $34.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 target price on shares of Rayonier in a research note on Friday, June 14th. Finally, StockNews.com cut Rayonier from a “buy” rating to a “hold” rating in a research note on Friday, May 10th.

Rayonier Trading Up 1.4 %

RYN opened at $30.74 on Friday. The stock has a market cap of $4.58 billion, a PE ratio of 27.45 and a beta of 1.05. The company has a quick ratio of 2.08, a current ratio of 2.46 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $29.42 and a 200-day moving average of $31.08. Rayonier Inc. has a 52 week low of $24.84 and a 52 week high of $35.29.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $168.10 million during the quarter, compared to analysts’ expectations of $190.04 million. Rayonier had a return on equity of 3.21% and a net margin of 15.92%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. Equities research analysts predict that Rayonier Inc. will post 0.44 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Monday, September 16th. Rayonier’s payout ratio is 101.79%.

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.