RYN - Insider Move: KEITH BASS Invests $125K In Rayonier Stock | Benzinga
A notable insider purchase on May 21, was reported by KEITH BASS, Director at Rayonier (NYSE:RYN), based on the most recent SEC filing.
What Happened: BASS's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, involves purchasing 4,116 shares of Rayonier. The total transaction value is $125,002.
The latest update on Wednesday morning shows Rayonier shares down by 0.0%, trading at $30.23.
Unveiling the Story Behind Rayonier
Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.
Rayonier: A Financial Overview
Negative Revenue Trend: Examining Rayonier's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -6.13% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average ...