Rayonier Inc. (NYSE:RYN) VP Mark R. Bridwell sold 842 shares of the business’s stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $40.70, for a total value of $34,269.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
RYN opened at $39.41 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.68 and a quick ratio of 1.62. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 36.16 and a beta of 0.93. The firm’s fifty day moving average price is $37.67 and its two-hundred day moving average price is $37.13. Rayonier Inc. has a 1 year low of $27.38 and a 1 year high of $41.09.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.21. Rayonier had a net margin of 14.63% and a return on equity of 5.45%. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, equities analysts anticipate that Rayonier Inc. will post 0.65 EPS for the current year.
A number of brokerages recently issued reports on RYN. Royal Bank of Canada raised their price objective on shares of Rayonier from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Friday, November 5th. BMO Capital Markets reissued a “hold” rating and issued a $36.00 price target on shares of Rayonier in a research report on Monday, November 8th. Finally, Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a research report on Tuesday, November 9th.
Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Rayonier by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,316 shares of the real estate investment trust’s stock worth $1,664,000 after purchasing an additional 336 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Rayonier by 5.9% during the 3rd quarter. Brighton Jones LLC now owns 6,152 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 344 shares during the period. Schulhoff & Co. Inc. raised its position in shares of Rayonier by 0.8% during the 3rd quarter. Schulhoff & Co. Inc. now owns 43,847 shares of the real estate investment trust’s stock valued at $1,564,000 after acquiring an additional 360 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Rayonier by 0.8% in the 2nd quarter. Belpointe Asset Management LLC now owns 52,557 shares of the real estate investment trust’s stock worth $1,888,000 after acquiring an additional 395 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Rayonier by 1.8% during the third quarter. Voya Investment Management LLC now owns 22,960 shares of the real estate investment trust’s stock valued at $820,000 after acquiring an additional 395 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Rayonier, Inc is a real estate investment trust, which engages in investment in timberlands. It operates through the following business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate, Timber Funds and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other value-added activities, such as recreational licenses, within each respective geography.
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