Rayonier Inc. (NYSE:RYN) Given Average Rating of “Hold” by Analysts

Rayonier Inc. (NYSE:RYN) has been given an average recommendation of “Hold” by the two analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.50.

RYN has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price objective on shares of Rayonier in a research note on Friday, June 14th. Truist Financial dropped their price target on Rayonier from $34.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, July 16th. Finally, StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th.

Rayonier Stock Performance

NYSE:RYN opened at $32.15 on Friday. The firm has a market cap of $4.79 billion, a PE ratio of 28.71 and a beta of 1.04. Rayonier has a fifty-two week low of $24.84 and a fifty-two week high of $35.29. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.78 and a current ratio of 1.98. The business has a 50 day moving average price of $30.50 and a 200-day moving average price of $30.42.

Rayonier (NYSE:RYN) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The company had revenue of $173.60 million for the quarter, compared to analysts’ expectations of $218.86 million. Rayonier had a net margin of 14.78% and a return on equity of 3.00%. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. Equities research analysts predict that Rayonier will post 0.38 earnings per share for the current year.

Rayonier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Monday, September 16th. Rayonier’s payout ratio is 101.79%.

Insider Buying and Selling

In related news, Director V. Larkin Martin sold 10,011 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total value of $306,036.27. Following the completion of the sale, the director now owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rayonier

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in Rayonier by 138.7% in the first quarter. BNP Paribas Financial Markets now owns 161,368 shares of the real estate investment trust’s stock worth $5,364,000 after purchasing an additional 93,768 shares in the last quarter. GSA Capital Partners LLP bought a new position in Rayonier in the first quarter worth $961,000. Price T Rowe Associates Inc. MD raised its holdings in Rayonier by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,294,936 shares of the real estate investment trust’s stock worth $541,645,000 after purchasing an additional 196,571 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Rayonier in the first quarter worth $729,000. Finally, SG Americas Securities LLC raised its holdings in Rayonier by 308.5% in the second quarter. SG Americas Securities LLC now owns 31,717 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 23,953 shares in the last quarter. Institutional investors own 89.12% of the company’s stock.

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.