Colonial Trust Co SC Sells 1,186 Shares of Rayonier Inc. (NYSE:RYN)

Colonial Trust Co SC decreased its position in Rayonier Inc. (NYSE:RYN) by 27.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,150 shares of the real estate investment trust’s stock after selling 1,186 shares during the quarter. Colonial Trust Co SC’s holdings in Rayonier were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Rayonier in the fourth quarter valued at about $25,000. UMB Bank n.a. raised its stake 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 worth $37,000 after acquiring an additional 525 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Rayonier by 264.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,677 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,217 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Rayonier by 41.8% during the fourth quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 511 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Rayonier by 30.0% during the fourth quarter. Covestor Ltd now owns 2,317 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 535 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Analysts Set New Price Targets

RYN has been the topic of a number of recent research reports. StockNews.com lowered Rayonier from a “buy” rating to a “sell” rating in a research report on Monday, May 5th. Citigroup dropped their price objective on Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Truist Financial reduced their target price on shares of Rayonier from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada dropped their price target on shares of Rayonier from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, May 2nd. Finally, Raymond James raised shares of Rayonier from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.50.

Rayonier Stock Up 0.6 %

Rayonier stock opened at $23.52 on Friday. Rayonier Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $31.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.85. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 9.97 and a beta of 1.07. The company’s 50 day simple moving average is $25.77 and its 200 day simple moving average is $27.29.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $82.90 million during the quarter, compared to analyst estimates of $152.99 million. Rayonier had a net margin of 28.44% and a return on equity of 3.86%. Rayonier’s quarterly revenue was down 27.1% on a year-over-year basis. During the same period last year, the firm earned $0.01 EPS. As a group, sell-side analysts anticipate that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier 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.