Rayonier Inc. (NYSE:RYN) Receives Average Recommendation of “Hold” from Analysts

Rayonier Inc. (NYSE:RYN) has received a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.25.

Several research analysts have commented on RYN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Rayonier in a research note on Monday. Citigroup cut their price objective on shares of Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RYN. Cary Street Partners Financial LLC boosted its holdings in Rayonier by 1.8% during the 3rd quarter. Cary Street Partners Financial LLC now owns 28,345 shares of the real estate investment trust’s stock valued at $752,000 after acquiring an additional 510 shares during the period. PNC Financial Services Group Inc. lifted its position in Rayonier by 2.2% in the third quarter. PNC Financial Services Group Inc. now owns 24,299 shares of the real estate investment trust’s stock valued at $645,000 after purchasing an additional 514 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Rayonier by 2.8% during the first quarter. Voya Investment Management LLC now owns 19,266 shares of the real estate investment trust’s stock valued at $537,000 after purchasing an additional 521 shares during the period. Arizona State Retirement System grew its holdings in shares of Rayonier by 1.2% in the third quarter. Arizona State Retirement System now owns 43,791 shares of the real estate investment trust’s stock worth $1,162,000 after purchasing an additional 525 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Rayonier by 1.3% in the second quarter. Public Employees Retirement System of Ohio now owns 50,403 shares of the real estate investment trust’s stock worth $1,118,000 after purchasing an additional 643 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

Rayonier Price Performance

RYN opened at $22.44 on Thursday. The stock has a 50-day moving average price of $22.67 and a 200-day moving average price of $24.04. Rayonier has a 12-month low of $21.06 and a 12-month high of $28.31. The company has a current ratio of 3.44, a quick ratio of 3.39 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.45 billion, a P/E ratio of 4.45 and a beta of 0.97.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $177.53 million for the quarter, compared to analysts’ expectations of $162.82 million. Rayonier had a return on equity of 4.74% and a net margin of 70.95%.Rayonier’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS and its FY 2025 guidance at 0.410- EPS. Equities analysts predict that Rayonier will post 0.55 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, December 10th. Rayonier’s dividend payout ratio is presently 21.63%.

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 December 31, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.