Rayonier Inc. (NYSE:RYN) announced a quarterly dividend on Friday, July 21st, RTT News reports. Investors of record on Friday, September 15th will be paid a dividend of 0.25 per share by the real estate investment trust on Friday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 3.43%.

Rayonier has decreased its dividend payment by an average of 18.7% annually over the last three years. Rayonier has a payout ratio of 285.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Rayonier to earn $0.48 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 208.3%.

Shares of Rayonier (NYSE:RYN) traded down 0.51% during midday trading on Friday, reaching $29.00. The company had a trading volume of 104,027 shares. The company has a market capitalization of $3.58 billion, a PE ratio of 15.44 and a beta of 0.35. The company has a 50 day moving average of $28.72 and a 200 day moving average of $28.33. Rayonier has a one year low of $25.24 and a one year high of $29.86.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The company had revenue of $186.50 million during the quarter, compared to analysts’ expectations of $159.31 million. Rayonier had a return on equity of 4.10% and a net margin of 27.54%. The firm’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. Analysts predict that Rayonier will post $0.37 EPS for the current fiscal year.

Several research firms have recently commented on RYN. BidaskClub downgraded Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Vertical Research upgraded Rayonier to a “buy” rating in a report on Sunday, May 28th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $31.00 price objective on shares of Rayonier in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.80.

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In other Rayonier news, Director Andrew G. Wiltshire bought 6,650 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average cost of $27.87 per share, with a total value of $185,335.50. Following the completion of the purchase, the director now directly owns 26,006 shares of the company’s stock, valued at $724,787.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

Dividend History for Rayonier (NYSE:RYN)

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