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

Shares of Rayonier Inc. (NYSE:RYN) have earned an average recommendation of “Hold” from the two research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $33.00.

A number of analysts have recently issued reports on RYN shares. Truist Financial raised their price target on shares of Rayonier from $31.00 to $32.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th.

Insiders Place Their Bets

In other Rayonier news, Director V. Larkin Martin sold 10,011 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $30.57, for a total transaction of $306,036.27. Following the sale, the director now owns 40,168 shares in the company, valued at approximately $1,227,935.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rayonier

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Rayonier by 20.6% during the 3rd quarter. CWM LLC now owns 2,849 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 487 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Rayonier by 1.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 40,939 shares of the real estate investment trust’s stock valued at $1,317,000 after buying an additional 600 shares in the last quarter. Algert Global LLC grew its holdings in Rayonier by 16.9% during the 2nd quarter. Algert Global LLC now owns 98,411 shares of the real estate investment trust’s stock valued at $2,863,000 after buying an additional 14,221 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Rayonier by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 449,296 shares of the real estate investment trust’s stock valued at $13,070,000 after buying an additional 11,604 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Rayonier by 56.7% during the 2nd quarter. Millennium Management LLC now owns 752,847 shares of the real estate investment trust’s stock valued at $21,900,000 after buying an additional 272,349 shares in the last quarter. Institutional investors own 89.12% of the company’s stock.

Rayonier Stock Performance

Shares of NYSE RYN opened at $32.34 on Thursday. The firm’s 50-day moving average price is $30.92 and its 200-day moving average price is $30.29. The company has a quick ratio of 1.78, a current ratio of 1.98 and a debt-to-equity ratio of 0.75. The company has a market cap of $4.81 billion, a PE ratio of 28.88 and a beta of 1.04. Rayonier has a 52-week low of $24.84 and a 52-week high of $35.29.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The company had revenue of $173.60 million for the quarter, compared to analysts’ expectations of $218.86 million. Rayonier had a net margin of 14.78% and a return on equity of 3.00%. The business’s revenue was down 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 EPS. As a group, analysts anticipate that Rayonier will post 0.38 EPS for the current year.

Rayonier Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, September 16th. Rayonier’s dividend payout ratio (DPR) is presently 101.79%.

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.