Latest Stocks: Andrew G. Wiltshire Buys 6,650 Shares of Rayonier Inc. (RYN) Stock

Latest Stocks: Andrew G. Wiltshire Buys 6,650 Shares of Rayonier Inc. (RYN) Stock

Rayonier Inc. (NYSE:RYN) Director Andrew G. Wiltshire purchased 6,650 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was acquired at an average price of $27.87 per share, for a total transaction of $185,335.50. Following the completion of the purchase, the director now owns 26,006 shares of the company’s stock, valued at $724,787.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rayonier Inc. (RYN) opened at 28.54 on Tuesday. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 15.20 and a beta of 0.37. Rayonier Inc. has a 12-month low of $24.47 and a 12-month high of $29.86. The company’s 50 day moving average price is $28.13 and its 200-day moving average price is $27.97.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.05. The business had revenue of $186.50 million for the quarter, compared to analyst estimates of $159.31 million. Rayonier had a return on equity of 9.13% and a net margin of 18.81%. Rayonier’s revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. On average, analysts forecast that Rayonier Inc. will post $0.37 EPS for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 annualized dividend and a yield of 3.50%. Rayonier’s dividend payout ratio (DPR) is 58.14%.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.05. The business had revenue of $186.50 million for the quarter, compared to analyst estimates of $159.31 million. Rayonier had a return on equity of 9.13% and a net margin of 18.81%. Rayonier’s revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. On average, analysts forecast that Rayonier Inc. will post $0.37 EPS for the current year. A number of analysts have recently commented on RYN shares. DA Davidson cut Rayonier from a “buy” rating to a “neutral” rating and set a $30.00 target price on the stock. in a research report on Friday, February 10th. They noted that the move was a valuation call. Vertical Research cut Rayonier from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Zacks Investment Research upgraded Rayonier from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $31.00 target price on shares of Rayonier in a research report on Thursday, March 16th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $29.80.

A number of large investors have recently added to or reduced their stakes in RYN. Shell Asset Management Co. acquired a new stake in Rayonier during the third quarter valued at $1,085,000. Timber Creek Capital Management LLC raised its stake in Rayonier by 3.0% in the third quarter. Timber Creek Capital Management LLC now owns 79,225 shares of the real estate investment trust’s stock valued at $2,102,000 after buying an additional 2,300 shares during the period. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Rayonier during the third quarter valued at $391,000. Confluence Investment Management LLC raised its stake in Rayonier by 9.2% in the third quarter. Confluence Investment Management LLC now owns 2,232,979 shares of the real estate investment trust’s stock valued at $59,263,000 after buying an additional 188,630 shares during the period. Finally, Sei Investments Co. raised its stake in Rayonier by 68.4% in the third quarter. Sei Investments Co. now owns 3,859 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,568 shares during the period. Hedge funds and other institutional investors own 84.66% of the company’s stock. About Rayonier

Related posts

Leave a Comment