Rayonier Inc. (NYSE:RYN) Oak Thistle LLC's Latest Investment Move

January 17, 2025 08:44 AM PST | By Team Kalkine Media

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Rayonier Inc. (NYSE:RYN) Oak Thistle LLC's Latest Investment Move — Image source: Shutterstock

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Highlights

Oak Thistle LLC acquires new shares in Rayonier Inc.

Rayonier Inc. announces an increase in its dividend payout.

Rayonier Inc. announces a $300 million stock program.

Rayonier Inc., a notable player in the real estate investment trust sector, has been making notable moves in the market. With recent developments such as a share repurchase plan and an increase in its special dividend, the company continues to demonstrate growth potential. As part of the NYSE Infra and Real Estate Stocks, Rayonier Inc. remains a strong contender in the sector.

Oak Thistle LLC’s New Investment in Rayonier Inc.

In the fourth quarter, Oak Thistle LLC made a notable move by acquiring a new stake in Rayonier Inc. (NYSE:RYN). The firm purchased 17,903 shares of the real estate investment trust (REIT), valued at approximately $467,000. This new investment highlights the growing interest in Rayonier Inc., a company focused on real estate and timberland management.

Rayonier Inc. Stock Performance

Rayonier opened at $26.09 on Friday, reflecting its steady market performance. Over the past 12 months, Rayonier’s stock has fluctuated between a low of $24.88 and a high of $35.29. The company’s financial ratios indicate stability, with a quick ratio of 1.85 and a current ratio of 1.99. Rayonier also maintains a reasonable debt-to-equity ratio of 0.71, suggesting a balanced financial structure.

Quarterly Earnings and Revenue for Rayonier Inc.

Rayonier recently reported quarterly earnings with an EPS of $0.12, slightly below analysts' consensus estimate of $0.13. The company’s revenue for the quarter totaled $195 million, falling short of the expected $211.21 million. Despite the slight revenue decline, Rayonier maintained a solid net margin of 15.84%, showcasing efficiency in operations.

Stock Repurchase and Dividend Increase

Rayonier has authorized up to $300 million in stock repurchases, which represents approximately 6.4% of its total shares. This move often suggests that management believes the company’s shares are undervalued. Additionally, Rayonier announced an increase in its special dividend to $1.80 per share, payable on January 30th to shareholders of record on December 12th.

Rayonier continues to draw attention from investors like Oak Thistle LLC, who aim to benefit from the company’s ongoing developments. With a solid financial foundation, a stock repurchase program, and an increased dividend, Rayonier is poised to maintain its position in the REIT market. The company's strategic decisions signal its focus on growth and enhancing shareholder value within the real estate sector.

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