Brown Lisle Cummings Inc. Has $256,000 Position in Rayonier Inc. (NYSE:RYN)

Brown Lisle Cummings Inc. grew its position in Rayonier Inc. (NYSE:RYN) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,824 shares of the real estate investment trust’s stock after purchasing an additional 1,452 shares during the period. Brown Lisle Cummings Inc.’s holdings in Rayonier were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RYN. V Square Quantitative Management LLC bought a new stake in shares of Rayonier during the 3rd quarter worth about $25,000. Venturi Wealth Management LLC boosted its position in Rayonier by 165.1% during the third quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 672 shares during the period. Blue Trust Inc. grew its holdings in Rayonier by 539.9% during the third quarter. Blue Trust Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,042 shares during the last quarter. UMB Bank n.a. raised its position in shares of Rayonier by 59.7% in the fourth quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 525 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Rayonier by 41.8% in the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Price Performance

Shares of Rayonier stock opened at $25.73 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.99 and a quick ratio of 1.85. The firm has a fifty day moving average price of $27.51 and a two-hundred day moving average price of $29.68. Rayonier Inc. has a fifty-two week low of $24.88 and a fifty-two week high of $35.29. The company has a market cap of $3.83 billion, a PE ratio of 24.27 and a beta of 1.03.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Rayonier had a return on equity of 2.95% and a net margin of 15.84%. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $211.21 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that Rayonier Inc. will post 0.38 EPS for the current year.

Rayonier announced that its Board of Directors has approved a stock buyback plan on Monday, December 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Rayonier Increases Dividend

The business also recently announced a special dividend, which was paid on Thursday, January 30th. Stockholders of record on Thursday, December 12th were issued a $1.80 dividend. This is a boost from Rayonier’s previous special dividend of $0.20. Rayonier’s dividend payout ratio is presently 107.55%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RYN shares. Truist Financial dropped their target price on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Citigroup cut their price objective on Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Rayonier presently has an average rating of “Hold” and an average target price of $29.67.

Rayonier Company 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.