Rayonier (RYN) Set to Announce Quarterly Earnings on Wednesday

Rayonier (NYSE:RYNGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Rayonier (NYSE:RYNGet Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. Rayonier had a net margin of 15.00% and a return on equity of 6.02%. The firm had revenue of $222.00 million during the quarter, compared to analysts’ expectations of $228.87 million. During the same quarter last year, the company posted $0.08 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts expect Rayonier to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rayonier Trading Down 0.6 %

Shares of Rayonier stock opened at $36.39 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.05 and a quick ratio of 3.69. The firm has a fifty day moving average price of $37.99 and a 200 day moving average price of $39.38. Rayonier has a 1 year low of $34.07 and a 1 year high of $45.87. The stock has a market cap of $5.32 billion, a PE ratio of 30.33 and a beta of 0.84.

Rayonier Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be issued a dividend of $0.285 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.14 annualized dividend and a dividend yield of 3.13%. Rayonier’s dividend payout ratio (DPR) is presently 95.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Rayonier in a report on Thursday, March 31st. They set a “hold” rating for the company.

Insiders Place Their Bets

In other Rayonier news, Director Meridee Moore purchased 12,000 shares of the stock in a transaction on Tuesday, May 31st. The shares were bought at an average price of $41.26 per share, for a total transaction of $495,120.00. Following the completion of the transaction, the director now owns 77,000 shares of the company’s stock, valued at approximately $3,177,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rayonier

A number of hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC boosted its position in Rayonier by 5.5% during the first quarter. Advisory Services Network LLC now owns 27,634 shares of the real estate investment trust’s stock worth $1,137,000 after purchasing an additional 1,452 shares in the last quarter. Toroso Investments LLC purchased a new position in shares of Rayonier in the first quarter valued at approximately $775,000. Avalon Investment & Advisory lifted its position in shares of Rayonier by 9.9% in the first quarter. Avalon Investment & Advisory now owns 473,898 shares of the real estate investment trust’s stock valued at $19,487,000 after acquiring an additional 42,520 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Rayonier in the first quarter valued at approximately $305,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of Rayonier in the first quarter valued at approximately $395,000. Hedge funds and other institutional investors own 90.40% of the company’s stock.

Rayonier Company Profile

(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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Earnings History for Rayonier (NYSE:RYN)

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