BNP Paribas Financial Markets Sells 43,897 Shares of Rayonier Inc. (NYSE:RYN)

BNP Paribas Financial Markets lowered its holdings in shares of Rayonier Inc. (NYSE:RYN) by 27.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 117,233 shares of the real estate investment trust’s stock after selling 43,897 shares during the quarter. BNP Paribas Financial Markets’ holdings in Rayonier were worth $3,060,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RYN. Harbor Capital Advisors Inc. grew its holdings in Rayonier by 36.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,186 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 857 shares during the last quarter. Oak Thistle LLC bought a new stake in Rayonier in the 4th quarter worth $467,000. UMB Bank n.a. grew its holdings in Rayonier by 59.7% in the 4th 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. Inspire Investing LLC grew its holdings in Rayonier by 20.8% in the 4th quarter. Inspire Investing LLC now owns 15,473 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 2,659 shares during the last quarter. Finally, KBC Group NV grew its holdings in Rayonier by 61.1% in the 4th quarter. KBC Group NV now owns 6,460 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 2,449 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RYN shares. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial dropped their target price on shares of Rayonier from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada dropped their target price on shares of Rayonier from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report 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 target price for the company in a research report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rayonier presently has a consensus rating of “Hold” and an average price target of $27.50.

Rayonier Trading Up 1.6%

NYSE:RYN opened at $24.05 on Friday. The company has a 50-day moving average price of $25.51 and a 200-day moving average price of $27.08. Rayonier Inc. has a 12 month low of $22.80 and a 12 month high of $31.29. The company has a current ratio of 1.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 10.19 and a beta of 1.07.

Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). Rayonier had a return on equity of 3.86% and a net margin of 28.44%. The company had revenue of $82.90 million during the quarter, compared to analysts’ expectations of $152.99 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was down 27.1% on a year-over-year basis. Equities analysts predict 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.