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

Shares of Rayonier Inc. (NYSE:RYN) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $24.80.

Several equities research analysts have recently commented on RYN shares. Truist Financial decreased their price target on Rayonier from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, July 15th. BMO Capital Markets reduced their price objective on Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, May 19th. Weiss Ratings upgraded Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Finally, Citigroup upped their target price on Rayonier from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 10th.

Rayonier Trading Up 0.0%

Shares of RYN stock opened at $21.21 on Tuesday. The business’s fifty day moving average price is $21.48 and its 200 day moving average price is $21.26. The firm has a market capitalization of $6.31 billion, a PE ratio of 47.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.56 and a quick ratio of 2.91. Rayonier has a 1-year low of $19.49 and a 1-year high of $27.10.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $396.51 million during the quarter, compared to the consensus estimate of $374.28 million. Rayonier had a net margin of 7.83% and a return on equity of 3.49%. The business’s revenue was up 272.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. As a group, sell-side analysts forecast that Rayonier will post 0.42 EPS for the current fiscal year.

Rayonier Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $1.04 annualized dividend and a dividend yield of 4.9%. Rayonier’s payout ratio is currently 231.11%.

Institutional Investors Weigh In On Rayonier

Large investors have recently added to or reduced their stakes in the business. Eurizon Capital SGR S.p.A. acquired a new position in Rayonier during the fourth quarter worth about $34,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Rayonier by 65.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 627 shares during the last quarter. Bayban acquired a new stake in shares of Rayonier in the first quarter valued at approximately $36,000. Whittier Trust Co. lifted its stake in Rayonier by 74.0% in the 1st quarter. Whittier Trust Co. now owns 2,279 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 969 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Rayonier by 77.9% in the 3rd quarter. Parallel Advisors LLC now owns 2,451 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,073 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

Rayonier Company Profile

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.