Rayonier Inc. (NYSE:RYN – Get Rating) – Analysts at Seaport Res Ptn reduced their Q2 2022 earnings per share (EPS) estimates for shares of Rayonier in a report released on Monday, May 9th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.15. Seaport Res Ptn also issued estimates for Rayonier’s FY2022 earnings at $0.65 EPS.
Rayonier (NYSE:RYN – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $222.00 million during the quarter, compared to the consensus estimate of $228.87 million. Rayonier had a return on equity of 6.02% and a net margin of 15.00%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share.
RYN opened at $37.08 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 4.04 and a debt-to-equity ratio of 0.66. The stock has a market cap of $5.40 billion, a P/E ratio of 30.90 and a beta of 0.83. Rayonier has a 52-week low of $33.58 and a 52-week high of $45.87. The business has a fifty day moving average of $42.11 and a 200 day moving average of $39.78.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Wednesday, March 16th. Rayonier’s dividend payout ratio is currently 90.00%.
In related news, CAO April J. Tice sold 1,850 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $41.76, for a total transaction of $77,256.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas M. Long sold 1,400 shares of the firm’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $42.61, for a total transaction of $59,654.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. ProShare Advisors LLC increased its holdings in Rayonier by 17.9% during the fourth quarter. ProShare Advisors LLC now owns 36,612 shares of the real estate investment trust’s stock valued at $1,478,000 after buying an additional 5,563 shares during the last quarter. Swiss National Bank grew its holdings in Rayonier by 1.2% during the 4th quarter. Swiss National Bank now owns 311,000 shares of the real estate investment trust’s stock worth $12,552,000 after acquiring an additional 3,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Rayonier by 37.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,666 shares of the real estate investment trust’s stock valued at $753,000 after buying an additional 5,124 shares in the last quarter. Van ECK Associates Corp boosted its stake in Rayonier by 19.2% in the 4th quarter. Van ECK Associates Corp now owns 2,585 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 416 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in Rayonier by 2.3% during the 4th quarter. State of Michigan Retirement System now owns 36,246 shares of the real estate investment trust’s stock worth $1,463,000 after buying an additional 800 shares during the last quarter. 90.40% of the stock is currently owned by institutional investors and hedge funds.
About Rayonier (Get Rating)
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, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.
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