Mark Bridwell Sells 5,318 Shares of Rayonier (NYSE:RYN) Stock

Rayonier Inc. (NYSE:RYNGet Free Report) EVP Mark Bridwell sold 5,318 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $20.19, for a total transaction of $107,370.42. Following the completion of the transaction, the executive vice president owned 131,661 shares of the company’s stock, valued at approximately $2,658,235.59. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rayonier Stock Performance

Shares of NYSE RYN opened at $20.25 on Friday. The stock has a market cap of $6.03 billion, a PE ratio of 45.01 and a beta of 0.87. Rayonier Inc. has a 1 year low of $19.49 and a 1 year high of $27.06. The firm has a fifty day moving average price of $21.26 and a 200-day moving average price of $21.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.56 and a quick ratio of 2.91.

Rayonier (NYSE:RYNGet Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $396.51 million for the quarter, compared to analysts’ expectations of $374.28 million. Rayonier had a net margin of 7.83% and a return on equity of 3.49%. Rayonier’s revenue for the quarter was up 272.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. Equities analysts anticipate that Rayonier Inc. will post 0.44 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, September 16th. Rayonier’s payout ratio is presently 231.11%.

Wall Street Analysts Forecast Growth

RYN has been the subject of several research analyst reports. Weiss Ratings upgraded Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Truist Financial lowered their price target on Rayonier from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, July 15th. Citigroup upped their price target on Rayonier from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, BMO Capital Markets cut their price objective on shares of Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.80.

Get Our Latest Stock Report on RYN

Institutional Investors Weigh In On Rayonier

Several large investors have recently made changes to their positions in RYN. Integrated Wealth Concepts LLC lifted its position in shares of Rayonier by 7.9% in the second quarter. Integrated Wealth Concepts LLC now owns 15,117 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 1,111 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Rayonier by 193.9% during the 2nd quarter. Squarepoint Ops LLC now owns 128,602 shares of the real estate investment trust’s stock valued at $2,737,000 after buying an additional 84,843 shares in the last quarter. Waverly Advisors LLC grew its holdings in Rayonier by 13.9% during the 2nd quarter. Waverly Advisors LLC now owns 99,991 shares of the real estate investment trust’s stock valued at $2,128,000 after buying an additional 12,211 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in Rayonier in the 2nd quarter worth approximately $932,000. Finally, Nykredit A S bought a new stake in Rayonier in the 2nd quarter worth approximately $95,000. 89.12% of the stock is owned by institutional investors.

Rayonier Company Profile

(Get Free Report)

Rayonier Inc (NYSE: RYN) is a real estate investment trust that owns, leases and manages timberlands. The company generates revenue primarily through the sustainable harvesting and sale of timber, including sawtimber, pulpwood and chip products used in construction, packaging, pulp and paper manufacturing, and other wood products industries.

Rayonier’s timberland portfolio spans the U.S. South, the Pacific Northwest and New Zealand. In addition to timber operations, the company manages a real estate business that monetizes land through rural and recreational property sales, residential and commercial development, conservation transactions, and other higher-value uses.

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