Rayonier Inc. (NYSE:RYN) Receives Consensus Rating of “Hold” from Analysts

Rayonier Inc. (NYSE:RYN) has been assigned an average rating of “Hold” from the two research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have covered the stock in the last year is $34.50.

A number of analysts recently weighed in on the company. Royal Bank of Canada increased their price objective on Rayonier from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. TheStreet raised shares of Rayonier from a “c+” rating to a “b-” rating in a research report on Friday, February 16th. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Truist Financial upped their price target on shares of Rayonier from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Thursday, January 4th.

Rayonier Stock Down 0.7 %

Shares of NYSE:RYN opened at $30.24 on Thursday. The company has a market capitalization of $4.50 billion, a PE ratio of 25.85 and a beta of 1.07. Rayonier has a 52-week low of $24.84 and a 52-week high of $35.29. The company has a fifty day moving average of $32.86 and a 200-day moving average of $31.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.04 and a current ratio of 2.26.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $467.40 million during the quarter, compared to the consensus estimate of $235.94 million. Rayonier had a return on equity of 2.89% and a net margin of 16.41%. During the same period in the prior year, the business posted $0.11 earnings per share. On average, equities analysts predict that Rayonier will post 0.48 EPS for the current fiscal year.

Rayonier Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.14 annualized dividend and a dividend yield of 3.77%. Rayonier’s dividend payout ratio is presently 97.44%.

Institutional Trading of Rayonier

Large investors have recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in Rayonier during the 3rd quarter valued at about $26,000. Fifth Third Bancorp boosted its stake in Rayonier by 84.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,919 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 880 shares during the last quarter. Signaturefd LLC boosted its stake in Rayonier by 371.7% during the 4th quarter. Signaturefd LLC now owns 2,052 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 1,617 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Rayonier by 525.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,551 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in Rayonier by 18.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,808 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 600 shares during the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.

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.