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

Shares of Rayonier Inc. (NYSE:RYN) have been given an average rating of “Hold” by the two brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.50.

RYN has been the subject of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of Rayonier in a report on Friday, June 14th. Truist Financial reduced their price objective on shares of Rayonier from $34.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, July 16th. Finally, StockNews.com upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

Rayonier Price Performance

Shares of NYSE:RYN opened at $31.87 on Friday. The firm’s 50 day moving average is $30.23 and its two-hundred day moving average is $30.55. The firm has a market capitalization of $4.74 billion, a P/E ratio of 28.46 and a beta of 1.04. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75. Rayonier has a 52 week low of $24.84 and a 52 week high of $35.29.

Rayonier (NYSE:RYN) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.12). Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The business had revenue of $173.60 million during the quarter, compared to the consensus estimate of $218.86 million. During the same period in the previous year, the company posted $0.05 EPS. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. Analysts anticipate that Rayonier will post 0.4 earnings per share for the current year.

Rayonier Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Monday, September 16th. Rayonier’s dividend payout ratio is currently 101.79%.

Insiders Place Their Bets

In related news, Director V. Larkin Martin sold 10,011 shares of Rayonier stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the completion of the sale, the director now owns 40,168 shares of the company’s stock, valued at $1,227,935.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Rayonier

A number of large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new stake in Rayonier in the 1st quarter worth approximately $26,000. GAMMA Investing LLC boosted its holdings in shares of Rayonier by 53.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,079 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 376 shares during the period. Quest Partners LLC bought a new stake in shares of Rayonier during the 2nd quarter worth $40,000. Fifth Third Bancorp grew its stake in Rayonier by 83.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,449 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 660 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in Rayonier by 2,272.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,566 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,500 shares during the period. 89.12% of the stock is currently owned by institutional investors.

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.