Rayonier Inc (NYSE: RYN) is -5.30% lower on its value in year-to-date trading and has touched a low of $27.40 and a high of $35.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RYN stock was last observed hovering at around $31.47 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $31.64, the stock is -0.00% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.54% at the moment leaves the stock 1.84% off its SMA200. RYN registered 10.08% gain for a year compared to 6-month gain of 6.64%. The firm has a 50-day simple moving average (SMA 50) of $31.5076 and a 200-day simple moving average (SMA200) of $31.0642.
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The stock witnessed a 0.06% loss in the last 1 month and extending the period to 3 months gives it a 7.47%, and is 1.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 1.83% over the month.
Rayonier Inc (RYN) has around 438 employees, a market worth around $4.71B and $1.00B in sales. Current P/E ratio is 30.10 and Fwd P/E is 60.16. Profit margin for the company is 15.83%. Distance from 52-week low is 15.50% and -10.34% from its 52-week high. The company has generated returns on investments over the last 12 months (4.88%).
The EPS is expected to grow by 7.64% this year
427.0 institutions hold shares in Rayonier Inc (RYN), with institutional investors hold 93.57% of the company’s shares. The shares outstanding are 148.30M, and float is at 147.62M with Short Float at 2.92%. Institutions hold 92.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.6 million shares valued at $599.24 million. The investor’s holdings represent 13.8655 of the RYN Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 16.31 million shares valued at $474.52 million to account for 10.9796 of the shares outstanding. The other top investors are NORGES BANK which holds 13.14 million shares representing 8.8458 and valued at over $382.3 million, while BLACKROCK INC. holds 8.5583 of the shares totaling 12.71 million with a market value of $369.88 million.
Rayonier Inc (RYN) Insider Activity
The most recent transaction is an insider sale by Martin V. Larkin, the company’s Director. SEC filings show that Martin V. Larkin sold 11,998 shares of the company’s common stock on Sep 12 ’24 at a price of $30.66 per share for a total of $0.37 million. Following the sale, the insider now owns 28170.0 shares.
Rayonier Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Martin V. Larkin (Director) sold a total of 10,011 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $30.57 per share for $0.31 million. Following the transaction, the insider now directly holds 40168.0 shares of the RYN stock.
Still, SEC filings show that on Sep 12 ’24, Martin V. Larkin (Director) Proposed Sale 11,998 shares at an average price of $30.66 for $0.37 million. The insider now directly holds shares of Rayonier Inc (RYN).
