Rayonier (NYSE:RYN) Reaches New 52-Week Low – What’s Next?

Rayonier Inc. (NYSE:RYN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.17 and last traded at $21.28, with a volume of 338337 shares. The stock had previously closed at $21.48.

Analyst Upgrades and Downgrades

A number of research firms have commented on RYN. Citigroup cut their target price on shares of Rayonier from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rayonier in a report on Monday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.25.

Rayonier Trading Down 0.6%

The company’s 50 day simple moving average is $24.66 and its two-hundred day simple moving average is $24.33. 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 company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 4.31 and a beta of 0.98.

Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The business had revenue of $177.53 million for the quarter, compared to the consensus estimate of $162.82 million. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The business’s quarterly revenue was up 43.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. As a group, research analysts anticipate that Rayonier Inc. will post 0.55 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, December 10th. Rayonier’s dividend payout ratio (DPR) is currently 21.63%.

Hedge Funds Weigh In On Rayonier

Several hedge funds have recently modified their holdings of RYN. Norges Bank acquired a new stake in Rayonier in the 2nd quarter worth approximately $304,538,000. AQR Capital Management LLC lifted its stake in shares of Rayonier by 1,287.3% during the first quarter. AQR Capital Management LLC now owns 1,506,119 shares of the real estate investment trust’s stock worth $41,991,000 after buying an additional 1,397,555 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Rayonier by 30.0% during the first 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 last quarter. Nuveen LLC acquired a new position in shares of Rayonier in the 1st quarter valued at $26,187,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Rayonier in the 1st quarter valued at $23,582,000. Institutional investors and hedge funds 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.