Rayonier Inc. (NYSE:RYN) Receives $27.25 Average PT from Brokerages

Rayonier Inc. (NYSE:RYN) has been given an average rating of “Hold” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.25.

RYN has been the topic of several research reports. Wall Street Zen raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rayonier in a report on Monday. Citigroup lowered their price target 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. Finally, Royal Bank Of Canada upped their price target on shares of Rayonier from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th.

Institutional Trading of Rayonier

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Rayonier in the second quarter worth approximately $304,538,000. AQR Capital Management LLC raised its holdings in Rayonier by 1,287.3% during the 1st quarter. AQR Capital Management LLC now owns 1,506,119 shares of the real estate investment trust’s stock valued at $41,991,000 after buying an additional 1,397,555 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Rayonier by 30.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,203,552 shares of the real estate investment trust’s stock valued at $117,195,000 after buying an additional 971,167 shares during the period. Nuveen LLC purchased a new stake in Rayonier during the 1st quarter valued at $26,187,000. Finally, Legal & General Group Plc grew its holdings in Rayonier by 24.4% in the 2nd quarter. Legal & General Group Plc now owns 4,193,530 shares of the real estate investment trust’s stock worth $93,012,000 after acquiring an additional 823,311 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

Rayonier Trading Up 1.6%

Shares of RYN stock opened at $21.89 on Friday. The business has a 50-day moving average price of $24.10 and a two-hundred day moving average price of $24.25. Rayonier has a 12-month low of $21.06 and a 12-month high of $32.74. The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.37 billion, a P/E ratio of 4.42 and a beta of 0.98.

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 3.39% and a net margin of 68.53%.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. FY 2025 guidance at 0.410- EPS. Equities analysts anticipate that Rayonier will post 0.55 EPS for the current fiscal year.

Rayonier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $0.2725 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 annualized dividend and a yield of 5.0%. Rayonier’s dividend payout ratio is currently 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.