Rayonier Inc. (NYSE:RYN) Given Consensus Rating of “Hold” by Analysts

Shares of Rayonier Inc. (NYSE:RYN) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.25.

RYN has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rayonier in a research report on Monday, November 24th. Wall Street Zen upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup lowered their price objective on shares of Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Finally, Royal Bank Of Canada boosted their price objective 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 Investors Weigh In On Rayonier

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Elequin Capital LP acquired a new position in Rayonier during the 1st quarter worth approximately $30,000. Hartford Financial Management Inc. bought a new stake in shares of Rayonier in the third quarter worth $31,000. GKV Capital Management Co. Inc. acquired a new position in Rayonier during the first quarter worth $32,000. Allworth Financial LP grew its position in Rayonier by 213.7% in the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 829 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Rayonier by 138.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,696 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 986 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Price Performance

Shares of RYN stock opened at $22.21 on Friday. The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. Rayonier has a 12-month low of $21.06 and a 12-month high of $32.74. The firm has a fifty day moving average of $23.87 and a 200-day moving average of $24.21. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 4.49 and a beta of 0.98.

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

Rayonier Dividend Announcement

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 issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, December 10th. Rayonier’s payout ratio is 21.63%.

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.