Brokerages Set Rayonier Inc. (NYSE:RYN) Price Target at $27.25

Rayonier Inc. (NYSE:RYN) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.75.

Several research firms have weighed in on RYN. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $25.00 price target on shares of Rayonier in a research report on Thursday. Citigroup decreased their target price on shares of Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rayonier in a research report on Monday, December 15th.

Hedge Funds Weigh In On Rayonier

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its stake in Rayonier by 134.8% in the third quarter. Allworth Financial LP now owns 2,858 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 1,641 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Rayonier by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,782,342 shares of the real estate investment trust’s stock worth $100,383,000 after acquiring an additional 94,033 shares during the last quarter. First Affirmative Financial Network acquired a new position in shares of Rayonier during the 3rd quarter worth approximately $214,000. Advisory Services Network LLC bought a new stake in Rayonier in the 3rd quarter valued at $225,000. Finally, Hancock Whitney Corp lifted its holdings in Rayonier by 2.0% during the 3rd quarter. Hancock Whitney Corp now owns 62,061 shares of the real estate investment trust’s stock valued at $1,647,000 after purchasing an additional 1,237 shares during the last quarter. Institutional investors own 89.12% of the company’s stock.

Rayonier Trading Down 0.0%

Shares of NYSE:RYN opened at $21.78 on Thursday. The company’s 50-day moving average price is $22.51 and its two-hundred day moving average price is $24.02. Rayonier has a one year low of $21.06 and a one year high of $28.31. 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 stock has a market capitalization of $3.35 billion, a PE ratio of 4.32 and a beta of 0.97.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $162.82 million. During the same quarter in the previous year, the business 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. On average, equities analysts forecast that Rayonier will post 0.55 EPS for the current fiscal year.

Rayonier Dividend Announcement

The company also recently announced 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 5.0%. The ex-dividend date of this dividend is Wednesday, December 10th. Rayonier’s dividend payout ratio is presently 21.63%.

About Rayonier

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.