Andrew G. Wiltshire Purchases 4,000 Shares of Rayonier Inc. (RYN) Stock
Rayonier Inc. (NYSE:RYN) Director Andrew G. Wiltshire bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was bought at an average cost of $25.81 per share, for a total transaction of $103,240.00. Following the completion of the transaction, the director now directly owns 15,356 shares in the company, valued at $396,338.36. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Rayonier Inc. (NYSE:RYN) opened at 26.69 on Thursday. The firm’s 50-day moving average is $27.04 and its 200 day moving average is $25.72. The stock has a market capitalization of $3.27 billion, a P/E ratio of 21.40 and a beta of 0.63. Rayonier Inc. has a 12 month low of $17.85 and a 12 month high of $28.16.
Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Rayonier had a net margin of 22.52% and a return on equity of 4.06%. The company earned $132.10 million during the quarter, compared to the consensus estimate of $116.36 million. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that Rayonier Inc. will post $0.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.00 annualized dividend and a yield of 3.75%. Rayonier’s dividend payout ratio is currently 80.00%.
Large investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC purchased a new position in Rayonier during the second quarter worth approximately $100,000. Tower Research Capital LLC TRC purchased a new position in Rayonier during the second quarter worth approximately $176,000. LS Investment Advisors LLC boosted its position in Rayonier by 72.1% in the second quarter. LS Investment Advisors LLC now owns 7,345 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 3,077 shares during the last quarter. Boston Private Wealth LLC purchased a new position in Rayonier during the second quarter worth approximately $202,000. Finally, Hancock Holding Co. purchased a new position in Rayonier during the second quarter worth approximately $215,000. Institutional investors own 84.91% of the company’s stock.
A number of research firms recently commented on RYN. Buckingham Research downgraded shares of Rayonier from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research report on Wednesday, September 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, August 8th. Finally, TheStreet raised shares of Rayonier from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $26.75.
Rayonier Company Profile
Rayonier Inc (Rayonier) is a timberland real estate investment trust (REIT). As of December 31, 2014, the Company owned, leased or managed 2.7 million acres of timberlands located in the United States South (1.9 million acres), United States Pacific Northwest (372,000 acres) and New Zealand (451,000 gross acres, or 309,000 net plantable acres).
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