Rayonier Inc. (RYN) to Issue Quarterly Dividend of $0.27 on December 31st

Rayonier Inc. (NYSE:RYN) announced a quarterly dividend on Thursday, October 16th. Stockholders of record on Wednesday, December 10th will be paid a dividend of 0.2725 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, December 10th.

Rayonier has raised its dividend payment by an average of 0.2%annually over the last three years. Rayonier has a payout ratio of 167.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Rayonier to earn $0.68 per share next year, which means the company may not be able to cover its $1.09 annual dividend with an expected future payout ratio of 160.3%.

Rayonier Price Performance

Shares of NYSE RYN opened at $21.50 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.44 and a quick ratio of 3.39. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 4.26 and a beta of 0.97. The stock’s 50-day moving average is $23.41 and its two-hundred day moving average is $24.13. Rayonier has a 1-year low of $21.06 and a 1-year high of $32.07.

Rayonier (NYSE:RYN) last announced its quarterly earnings data 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 business had revenue of $177.53 million during the quarter, compared to analysts’ expectations of $162.82 million. During the same quarter last year, the business posted $0.12 EPS. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS and its FY 2025 guidance at 0.410- EPS. Analysts forecast that Rayonier will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Rayonier

Several institutional investors and hedge funds have recently added to or reduced their stakes in RYN. Cary Street Partners Financial LLC lifted 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 buying an additional 510 shares during the period. PNC Financial Services Group Inc. raised its position in Rayonier by 2.2% in the third quarter. PNC Financial Services Group Inc. now owns 24,299 shares of the real estate investment trust’s stock worth $645,000 after acquiring an additional 514 shares in the last quarter. Voya Investment Management LLC raised its position in Rayonier by 2.8% in the first quarter. Voya Investment Management LLC now owns 19,266 shares of the real estate investment trust’s stock worth $537,000 after acquiring an additional 521 shares in the last quarter. Arizona State Retirement System lifted its holdings in Rayonier by 1.2% in the third quarter. Arizona State Retirement System now owns 43,791 shares of the real estate investment trust’s stock valued at $1,162,000 after acquiring an additional 525 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Rayonier by 1.3% during 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 purchasing an additional 643 shares in the last quarter. 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.