Rayonier Inc. (NYSE:RYN) Receives Average Rating of “Hold” from Analysts

Shares of Rayonier Inc. (NYSE:RYN) have been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $28.00.

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Royal Bank Of Canada increased their target price on shares of Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, August 8th. Citigroup increased their target price on shares of Rayonier from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Rayonier in a report on Saturday, September 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RYN. Squarepoint Ops LLC grew its position in Rayonier by 881.3% in the fourth quarter. Squarepoint Ops LLC now owns 8,258 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 9,315 shares in the last quarter. GAMMA Investing LLC grew its position in Rayonier by 4,211.5% in the first quarter. GAMMA Investing LLC now owns 74,718 shares of the real estate investment trust’s stock valued at $2,083,000 after purchasing an additional 72,985 shares in the last quarter. Parallel Advisors LLC grew its position in Rayonier by 133.5% in the first quarter. Parallel Advisors LLC now owns 1,123 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 642 shares in the last quarter. Rhumbline Advisers grew its position in Rayonier by 3.7% in the first quarter. Rhumbline Advisers now owns 437,423 shares of the real estate investment trust’s stock valued at $12,195,000 after purchasing an additional 15,650 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in Rayonier in the first quarter valued at $602,000. Institutional investors own 89.12% of the company’s stock.

Rayonier Price Performance

Shares of Rayonier stock opened at $26.90 on Friday. Rayonier has a 1-year low of $21.84 and a 1-year high of $32.88. The firm’s 50-day moving average price is $25.89 and its two-hundred day moving average price is $24.79. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 5.43 and a beta of 0.99. The company has a current ratio of 3.50, a quick ratio of 3.38 and a debt-to-equity ratio of 0.37.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Rayonier had a net margin of 68.53% and a return on equity of 3.39%. The company had revenue of $106.50 million for the quarter, compared to analyst estimates of $95.30 million. During the same period in the prior year, the business earned $0.02 earnings per share. Rayonier’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Rayonier will post 0.55 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 16th. Rayonier’s dividend payout ratio (DPR) is presently 22.02%.

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.