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

Shares of Rayonier Inc. (NYSE:RYN) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $27.25.

Several equities research analysts have recently issued reports on RYN shares. Citigroup decreased their target price on Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Rayonier in a research report on Monday.

Rayonier Stock Performance

Shares of RYN opened at $22.44 on Thursday. The firm has a market capitalization of $3.45 billion, a P/E ratio of 4.45 and a beta of 0.97. Rayonier has a 52 week low of $21.06 and a 52 week high of $28.31. The stock has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $24.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.39 and a current ratio of 3.44.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.09. Rayonier had a return on equity of 4.74% and a net margin of 70.95%.The company had revenue of $177.53 million for the quarter, compared to analysts’ expectations of $162.82 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Rayonier’s quarterly revenue was up 43.0% on a year-over-year basis. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS and its FY 2025 guidance at 0.410- EPS. Equities analysts forecast that Rayonier will post 0.55 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.2725 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 annualized dividend and a dividend yield of 4.9%. Rayonier’s dividend payout ratio is presently 21.63%.

Institutional Trading of Rayonier

Hedge funds and other institutional investors have recently modified their holdings of the business. Cary Street Partners Financial LLC raised its holdings in shares of Rayonier by 1.8% in the 3rd quarter. Cary Street Partners Financial LLC now owns 28,345 shares of the real estate investment trust’s stock valued at $752,000 after acquiring an additional 510 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Rayonier by 2.2% during the third quarter. PNC Financial Services Group Inc. now owns 24,299 shares of the real estate investment trust’s stock valued at $645,000 after purchasing an additional 514 shares during the last quarter. Voya Investment Management LLC lifted its position in Rayonier by 2.8% during the first quarter. Voya Investment Management LLC now owns 19,266 shares of the real estate investment trust’s stock valued at $537,000 after purchasing an additional 521 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Rayonier by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 43,791 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 525 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Rayonier by 1.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 50,403 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 643 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

About Rayonier

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.