Rayonier Inc. (NYSE:RYN) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,854,695 shares, an increase of 50.6% from the October 31st total of 1,895,587 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 578,798 shares, the days-to-cover ratio is presently 4.9 days.

Separately, ValuEngine downgraded Rayonier from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $36.50.

Several large investors have recently modified their holdings of the company. Ancora Advisors LLC acquired a new stake in Rayonier during the third quarter worth about $106,000. Qube Research & Technologies Ltd acquired a new stake in Rayonier during the second quarter worth about $108,000. Belpointe Asset Management LLC acquired a new stake in Rayonier during the third quarter worth about $152,000. Sfmg LLC acquired a new stake in Rayonier during the second quarter worth about $200,000. Finally, Capital Fund Management S.A. acquired a new stake in Rayonier during the third quarter worth about $211,000. 84.72% of the stock is currently owned by institutional investors.

Shares of NYSE:RYN opened at $30.54 on Thursday. The stock has a market capitalization of $4.10 billion, a PE ratio of 46.98, a price-to-earnings-growth ratio of 7.84 and a beta of 0.47. Rayonier has a 52-week low of $29.27 and a 52-week high of $39.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.54 and a current ratio of 2.87.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.12. The company had revenue of $200.90 million for the quarter, compared to the consensus estimate of $179.87 million. Rayonier had a return on equity of 7.34% and a net margin of 18.48%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, sell-side analysts predict that Rayonier will post 0.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, December 14th. Rayonier’s dividend payout ratio is currently 166.15%.

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Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of September 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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