Brevan Howard Capital Management LP Purchases Shares of 12,406 Rayonier Inc. (NYSE:RYN)

Brevan Howard Capital Management LP purchased a new position in shares of Rayonier Inc. (NYSE:RYN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,406 shares of the real estate investment trust’s stock, valued at approximately $324,000.

A number of other institutional investors have also modified their holdings of RYN. GAMMA Investing LLC grew its holdings in Rayonier by 41.8% during the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 511 shares during the period. Nordea Investment Management AB grew its stake in shares of Rayonier by 6.6% during the 4th quarter. Nordea Investment Management AB now owns 195,369 shares of the real estate investment trust’s stock worth $5,087,000 after purchasing an additional 12,028 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Rayonier by 36.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,186 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 857 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Rayonier in the 4th quarter valued at $467,000. Finally, UMB Bank n.a. boosted its holdings in Rayonier by 59.7% during the fourth quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Analysts Set New Price Targets

RYN has been the subject of a number of analyst reports. Raymond James upgraded shares of Rayonier from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Wednesday, March 12th. Citigroup reduced their price target on Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada dropped their price objective on Rayonier from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Truist Financial reduced their target price on Rayonier from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Finally, StockNews.com cut shares of Rayonier from a “buy” rating to a “sell” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rayonier currently has a consensus rating of “Hold” and a consensus target price of $27.50.

Rayonier Price Performance

NYSE:RYN opened at $23.52 on Friday. The stock has a 50 day moving average of $25.77 and a two-hundred day moving average of $27.26. Rayonier Inc. has a 12 month low of $22.80 and a 12 month high of $31.29. The firm has a market cap of $3.66 billion, a P/E ratio of 9.97 and a beta of 1.07. The company has a current ratio of 1.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $82.90 million for the quarter, compared to analysts’ expectations of $152.99 million. Rayonier had a return on equity of 3.86% and a net margin of 28.44%. The firm’s revenue for the quarter was down 27.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, analysts expect that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

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.