Rayonier (NYSE:RYN) is downgraded to sell at StockNews.com.

February 8, 2023

The equity analysts at StockNews.com have shifted their recommendation for Rayonier (NYSE: RYN) from a “hold” rating to a “sell” rating, and they communicated this change to investors in a note that was distributed on Friday.

On February 1, Rayonier released its most recent quarterly earnings report, listed on the NYSE under the ticker symbol RYN. You can find more information about the company here.

The real estate investment trust (REIT) came in with earnings per share (EPS) of $0.11 for the quarter, which was $0.01 less than the consensus projection of $0.12 per share.

The return on equity for Rayonier came in at 4.97%, and the net margin for the company was 11.78%.

The sales for the company during the quarter came in at $245.40 million, which is a significant increase compared to the predictions of analysts, which were for a total of $207.68 million.

The corporation made a profit of $0.001 per share during the same period the year before compared to the current year. Compared to the results achieved during the same period in the prior year, the sales the company generated during the quarter showed a decrease of 6.3%.

During the current fiscal year, Rayonier is expected to generate earnings of $0.06 per share, by projections made by market analysts.
On Monday, January 30, Rayonier CEO David L. Nunes sold 20,000 shares of the company’s stock, as was reported in another piece of news about the company.

The sale of the shares resulted in a total of $708,400.00 being collected, with the average price at which each share was sold being $35.42.

After the sale, the CEO will own 316,921 shares of the business, which are worth around $11,225,341.82. On the Securities and Exchange Commission website, one can find a copy of the legal document that provides details about the sale.

People hold a total of 0.62% of shares with inside knowledge of the company.

During trading on Friday at midday, the price of Rayonier stock dropped $1.27 to $36.00.

A total volume of 669,616 shares transacted was higher than the average volume of 395,430 shares traded during this time.

The company’s simple moving average over the past 50 days is $34.59, and its simple moving average over the past 200 days is currently sitting at $34.64. Over the previous 52 weeks, Rayonier’s highest and lowest prices were $45.87.

The price-to-earnings ratio of the company’s stock is currently at 50.00, and its beta value is currently at 0.92.

The market value of the company’s stock is approximately 5.27 billion dollars.

A debt-to-equity ratio comes in at 0.69; a quick ratio comes in at 2.88; a current ratio comes in at 3.16; and a quick ratio comes in at 3.16.

In recent months, RYN has seen several modifications implemented by various institutional investors, including hedge funds and other types.

During the third quarter of the fiscal year, EverSource Wealth Advisors LLC brought its total ownership of Rayonier to 97.5% higher than before.

EverSource Wealth Advisors LLC currently holds a total of 883 shares of the real estate investment trust, and the value of those shares comes to $26,000 when added together.

The corporation made an additional purchase of 436 shares during the most recent fiscal quarter.

The final three months of 2018 saw Ronald Blue Trust INC make a 50.3% increase in the proportion of Rayonier stock that it owned.

As a result of the purchase of an additional 314 shares during the most recent fiscal quarter, Ronald Blue Trust INC now has a total of 938 shares of the real estate investment trust in its possession.

This brings the company’s overall holdings to a total of 938 shares.

There is an approximate value of $28,000 associated with these shares.

During the second quarter, Pinebridge Investments L.P. saw a 300.0% increase in the proportion of Rayonier stock held by the investment firm.

Pinebridge Investments L.P. now directly controls 1,200 shares of the real estate investment trust, which are now worth $45,000 thanks to the purchase of an additional 900 shares during the most recent quarter.

This brings the total number of shares directly controlled by Pinebridge Investments L.P.

To 2,400.

The Trust Company of Vermont increased the percentage of Rayonier stock owned by 319.2% during the third quarter.

Trust Co of Vermont now has 1,685 real estate investment trust shares due to the purchase of an additional 1,283 shares during the most recent quarter.

The collective value of the real estate investment trust’s shares comes to a total of $50,000. Not to be outdone, Bessemer Group INC increased its holdings of Rayonier by 39.3 percent during the third quarter of this year.

After making an additional purchase during the most recent quarter, Bessemer Group INC is now the owner of 1,699 real estate investment trust shares, which have a combined value of $51,000.

These shares were acquired due to the purchase of 479 additional shares. Shares of the company are owned by institutional investors and hedge funds to the extent that these two types of investors hold 82.87% of the total.

The name Rayonier, INC refers to a real estate investment trust that makes investments in areas of land designated as forestland.

This company’s operations are broken down into its various business divisions, which include Southern Timber, Pacific Northwest Timber, and New Zealand Timber, as well as Real Estate, Timber Funds, and Trading. Within each geographical region, the categories known as “Southern Timber,” “Pacific Northwest Timber,” and “New Zealand Timber” encompass all activities about timber in addition to other value-added companies, such as recreational licenses.

In other words, these categories include everything that has anything to do with timber.

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