Foresight Group Ltd Liability Partnership Sells 3,887 Shares of Rayonier Inc. (NYSE:RYN)

Foresight Group Ltd Liability Partnership lessened its stake in shares of Rayonier Inc. (NYSE:RYN) by 12.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,510 shares of the real estate investment trust’s stock after selling 3,887 shares during the period. Rayonier comprises approximately 0.4% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 24th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Rayonier were worth $853,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Rayonier by 138.7% during the first quarter. BNP Paribas Financial Markets now owns 161,368 shares of the real estate investment trust’s stock worth $5,364,000 after buying an additional 93,768 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Rayonier during the first quarter worth approximately $961,000. Price T Rowe Associates Inc. MD increased its position in Rayonier by 1.2% during the first 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 buying an additional 196,571 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Rayonier during the first quarter worth approximately $729,000. Finally, SG Americas Securities LLC increased its position in Rayonier by 308.5% during the second quarter. SG Americas Securities LLC now owns 31,717 shares of the real estate investment trust’s stock worth $923,000 after buying an additional 23,953 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Price Performance

Rayonier stock opened at $31.55 on Wednesday. Rayonier Inc. has a 12 month low of $24.84 and a 12 month high of $35.29. The stock’s 50 day moving average is $31.14 and its 200-day moving average is $30.28. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 28.17 and a beta of 1.04.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The company had revenue of $173.60 million for the quarter, compared to analyst estimates of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. Equities research analysts expect that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Tuesday, December 17th. Rayonier’s dividend payout ratio is currently 101.79%.

Insider Buying and Selling

In related news, Director V. Larkin Martin sold 10,011 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the sale, the director now owns 40,168 shares of the company’s stock, valued at $1,227,935.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on RYN. Truist Financial upped their target price on Rayonier from $31.00 to $32.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th.

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.