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

Rayonier Inc. (NYSE:RYN) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.80.

Several analysts have commented on RYN shares. Truist Financial lowered their price target on Rayonier from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Citigroup raised their target price on shares of Rayonier from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st.

Insider Buying and Selling at Rayonier

In other news, EVP Mark Bridwell sold 5,318 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $20.19, for a total transaction of $107,370.42. Following the completion of the sale, the executive vice president directly owned 131,661 shares of the company’s stock, valued at $2,658,235.59. The trade was a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. purchased a new stake in Rayonier during the fourth quarter valued at about $34,000. Bayban acquired a new stake in Rayonier during the first quarter worth about $36,000. Whittier Trust Co. raised its holdings in shares of Rayonier by 74.0% in the 1st quarter. Whittier Trust Co. now owns 2,279 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 969 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Rayonier in the 1st quarter worth about $51,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Rayonier by 124,900.0% in the 1st quarter. Sunbelt Securities Inc. now owns 2,500 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 2,498 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

Rayonier Price Performance

Shares of NYSE:RYN opened at $20.18 on Friday. The company has a market cap of $6.00 billion, a P/E ratio of 44.83 and a beta of 0.87. The company has a quick ratio of 2.91, a current ratio of 3.56 and a debt-to-equity ratio of 0.36. Rayonier has a 52 week low of $19.49 and a 52 week high of $27.06. The business has a fifty day simple moving average of $21.14 and a 200-day simple moving average of $21.00.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Rayonier had a return on equity of 3.49% and a net margin of 7.83%.The firm had revenue of $396.51 million for the quarter, compared to the consensus estimate of $374.28 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 272.3% compared to the same quarter last year. Equities research analysts forecast that Rayonier will post 0.44 EPS for the current year.

Rayonier Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, September 16th. Rayonier’s dividend payout ratio (DPR) is 231.11%.

Rayonier Company Profile

Rayonier Inc (NYSE: RYN) is a real estate investment trust that owns, leases and manages timberlands. The company generates revenue primarily through the sustainable harvesting and sale of timber, including sawtimber, pulpwood and chip products used in construction, packaging, pulp and paper manufacturing, and other wood products industries.

Rayonier’s timberland portfolio spans the U.S. South, the Pacific Northwest and New Zealand. In addition to timber operations, the company manages a real estate business that monetizes land through rural and recreational property sales, residential and commercial development, conservation transactions, and other higher-value uses.