Rayonier Inc. (NYSE:RYN) has been in the crosshairs of different research reports and analyst reviews. Nonetheless, SG Americas Securities LLC, a renowned institutional investor, posted an impressive 37.0% increase in holdings for RYN during the fourth quarter. This is according to its latest disclosure with the Securities and Exchange Commission.
SG boosted its investment by purchasing additional 19,264 shares during Q4, bringing its total holdings to 71,283 shares worth $2,349,000 at current market standards. It’s clear that RYN is an attractive stock for institutional investors such as SG Americas Securities LLC due to its solid financials and prospective capital appreciation potential.
Moreover, a recent coverage by StockNews.com on Thursday 16th March issued a ‘sell’ rating for Rayonier Inc., which raised some concerns about the company’s performance in the investment sphere. Despite this criticism from StockNews.com and Citigroup decreasing their target price on RYN from $39.00 to $36.00 while setting a neutral rating for the firm last April; we believe that Rayonier remains a strong real estate investment trust portfolio addition.
On Monday morning, RYN’s stocks were opened at an estimated $32.23 price per share. The company’s market capitalization is at $4.75 billion with a price-to-earnings ratio of 44.76 and a beta of 0.96 – indicative of moderate volatility compared to other similar investments in the market.
The real estate industry has experienced inevitable fluctuations over time but given Rayonier Inc.’s track record and current financials positioned for growth; its trajectory remains promising amidst different scrutiny from critics in recent months about its investment potential as well as forecast earnings projections.
In conclusion, despite some recent insights casting doubt over its short-term prospects; Rayonier Inc.’s positive long-term outlook combined with support from institutional investor SG Americas Securities LLC makes it a viable addition to REIT investment portfolios. The firm’s commitment to growth and impressive earnings potential further proves its worth on the stock exchange. It is a shrewd move for value investors to consider adding RYN shares in their portfolio, possibly leading to greater returns moving forward.
Rayonier Inc. Sees Surge in Attention from Hedge Funds and Institutional Investors
Rayonier Inc. (RYN), a real estate investment trust, has seen a surge in attention from hedge funds and other institutional investors over the past year. According to recent reports, EverSource Wealth Advisors LLC raised its stake in the company by nearly 100% during the third quarter of 2020, owning 883 shares valued at $26,000. Ronald Blue Trust Inc. also increased its stake in Rayonier by 50%, owning 938 shares valued at $28,000, while Bessemer Group Inc.’s holdings in the company rose by almost 40%. Trust Co. of Vermont more than tripled its stake to own 1,685 shares worth $50,000 as well.
Captrust Financial Advisors stepped into RYN investing pool with a new position purchased in the second quarter of last year for $105,000. As per records with SEC (Securities & Exchange Commission), on Monday, January 30th CEO David L Nunes sold some RYN stocks accounting for a total transaction value of $708400 at an average price of $35.42 leading Nunes to have direct ownership of around 316921 company’s shares.
However, one recent report on RYN comes from StockNews.com who issued a “sell” rating for the stock on Thursday, March 16th. Also relevant is that Citigroup decreased their target price for RYN from $39 to $36 and assigned a “neutral” rating for the company back on Thursday, April 6th.
RYN itself reported Q4 earnings of $.11 per share which was just under market consensus estimates placing EPS for the current fiscal year at an anticipated target price of $.44 per share according to analysts monitored here.
In March this year investors holding RYN stocks were satisfied with receiving quarterly dividends from Rayonier ($0.285 per share) with holders at record before-market open opening trades Friday, March 17th while executing ex-dividend trades on the same date a day earlier. This dividend payout rose by over 58% from the previous payout round.
Despite these conflicting recommendations by some analysts, Rayonier has remained an attractive option for growing institutional investors’ portfolios. As of now, hedge funds and other institutional investors own nearly 83% of the real estate investment trust’s stock. As always one should conduct their personal research before investing in any securities or equity but with the attention garnered by Rayonier Inc. recently it will be interesting to see how they perform moving forward into H2-2021.