Rayonier (NYSE:RYN) Posts Earnings Results, Beats Expectations By $0.08 EPS

Rayonier (NYSE:RYN) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08, Zacks reports. Rayonier had a net margin of 15.84% and a return on equity of 2.95%. Rayonier updated its FY 2025 guidance to 0.510-0.640 EPS.

Rayonier Stock Down 0.1 %

RYN stock traded down $0.03 during trading on Friday, reaching $26.32. The stock had a trading volume of 41,103 shares, compared to its average volume of 761,589. The company has a market capitalization of $3.92 billion, a P/E ratio of 24.91 and a beta of 1.03. The firm has a fifty day moving average price of $27.27 and a 200 day moving average price of $29.63. The company has a current ratio of 1.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.71. Rayonier has a 1-year low of $24.88 and a 1-year high of $35.29.

Rayonier Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.2725 per share. The ex-dividend date is Monday, March 17th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.14%. Rayonier’s dividend payout ratio (DPR) is 107.55%.

Rayonier announced that its Board of Directors has approved a share buyback plan on Monday, December 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

RYN has been the subject of several recent research reports. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Truist Financial lowered their price objective on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Citigroup cut their target price on Rayonier from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.67.

About Rayonier

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.