Global Alpha Capital Management Ltd. Has $21.55 Million Stake in Rayonier Inc. (NYSE:RYN)

Global Alpha Capital Management Ltd. grew its holdings in shares of Rayonier Inc. (NYSE:RYN) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 645,057 shares of the real estate investment trust’s stock after acquiring an additional 62,400 shares during the quarter. Rayonier accounts for approximately 1.7% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 24th largest position. Global Alpha Capital Management Ltd. owned 0.43% of Rayonier worth $21,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Rayonier by 4.4% in the fourth quarter. M&T Bank Corp now owns 8,102 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 344 shares during the period. Leavell Investment Management Inc. boosted its holdings in shares of Rayonier by 1.0% during the 4th quarter. Leavell Investment Management Inc. now owns 38,352 shares of the real estate investment trust’s stock worth $1,289,000 after buying an additional 363 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Rayonier by 2.4% during the 3rd quarter. Keybank National Association OH now owns 20,723 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 488 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Rayonier by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 170,870 shares of the real estate investment trust’s stock worth $5,709,000 after buying an additional 550 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Rayonier by 1.1% during the 3rd quarter. Raymond James & Associates now owns 60,135 shares of the real estate investment trust’s stock worth $1,711,000 after buying an additional 660 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Analyst Upgrades and Downgrades

RYN has been the topic of a number of research analyst reports. TheStreet upgraded Rayonier from a “c+” rating to a “b-” rating in a report on Friday, February 16th. Royal Bank of Canada increased their target price on Rayonier from $34.00 to $35.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. Finally, StockNews.com cut Rayonier from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.50.

Rayonier Trading Down 0.8 %

NYSE RYN opened at $30.14 on Tuesday. The firm has a market capitalization of $4.49 billion, a P/E ratio of 26.91 and a beta of 1.09. The business has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $31.88. Rayonier Inc. has a 12 month low of $24.84 and a 12 month high of $35.29. The company has a current ratio of 2.46, a quick ratio of 2.08 and a debt-to-equity ratio of 0.74.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Rayonier had a return on equity of 3.21% and a net margin of 15.92%. The firm had revenue of $168.10 million during the quarter, compared to analyst estimates of $190.04 million. During the same period last year, the firm posted $0.01 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. On average, analysts predict that Rayonier Inc. will post 0.47 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, June 14th. Rayonier’s dividend payout ratio is presently 101.79%.

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.