Rayonier Inc. (NYSE:RYN) Receives Consensus Recommendation of “Hold” from Analysts

Rayonier Inc. (NYSE:RYN) has been given an average rating of “Hold” by the two analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $34.00.

RYN has been the subject of several analyst reports. StockNews.com lowered shares of Rayonier from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price objective on shares of Rayonier in a research note on Friday, June 14th.

Rayonier Stock Performance

Rayonier stock opened at $28.96 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.46 and a debt-to-equity ratio of 0.74. Rayonier has a twelve month low of $24.84 and a twelve month high of $35.29. The company’s 50-day moving average price is $29.48 and its 200-day moving average price is $31.34. The company has a market cap of $4.31 billion, a PE ratio of 25.86 and a beta of 1.05.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $168.10 million for the quarter, compared to the consensus estimate of $190.04 million. Rayonier had a return on equity of 3.21% and a net margin of 15.92%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 earnings per share. On average, equities research analysts forecast that Rayonier will post 0.44 EPS for the current fiscal year.

Rayonier Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, June 14th. Rayonier’s dividend payout ratio is currently 101.79%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in Rayonier in the 1st quarter valued at about $26,000. GAMMA Investing LLC raised its stake in shares of Rayonier by 53.5% during the second quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 376 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Rayonier by 488.6% in the first quarter. Covestor Ltd now owns 1,554 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,290 shares during the period. Larson Financial Group LLC bought a new position in Rayonier in the first quarter worth approximately $62,000. Finally, Signaturefd LLC increased its holdings in Rayonier by 371.7% during the 4th quarter. Signaturefd LLC now owns 2,052 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 1,617 shares during the period. Hedge funds and other institutional investors own 89.12% of the company’s stock.

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.