Rayonier Inc. (NYSE:RYN) Given Average Rating of “Hold” by Brokerages

Shares of Rayonier Inc. (NYSE:RYN) have earned a consensus rating of “Hold” from the two ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.50.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Rayonier from $34.00 to $35.00 and gave the company a “sector perform” rating in a research note on Friday, February 2nd. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Truist Financial lifted their price objective on Rayonier from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, TheStreet raised Rayonier from a “c+” rating to a “b-” rating in a research note on Friday, February 16th.

Institutional Trading of Rayonier

Several institutional investors have recently modified their holdings of RYN. Norges Bank acquired a new stake in shares of Rayonier in the fourth quarter valued at $439,076,000. Confluence Investment Management LLC purchased a new stake in shares of Rayonier during the first quarter valued at $77,027,000. Cohen & Steers Inc. purchased a new stake in shares of Rayonier during the fourth quarter valued at $51,265,000. Russell Investments Group Ltd. lifted its holdings in shares of Rayonier by 1,201.1% during the fourth quarter. Russell Investments Group Ltd. now owns 259,199 shares of the real estate investment trust’s stock valued at $8,660,000 after purchasing an additional 239,278 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Rayonier by 1,645.3% during the fourth quarter. Verition Fund Management LLC now owns 174,753 shares of the real estate investment trust’s stock valued at $5,838,000 after purchasing an additional 164,740 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Trading Down 0.7 %

Shares of RYN stock opened at $30.24 on Thursday. Rayonier has a fifty-two week low of $24.84 and a fifty-two week high of $35.29. The stock has a market cap of $4.50 billion, a P/E ratio of 25.85 and a beta of 1.07. The business has a fifty day simple moving average of $32.86 and a 200-day simple moving average of $31.38. The company has a quick ratio of 2.04, a current ratio of 2.26 and a debt-to-equity ratio of 0.73.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $467.40 million during the quarter, compared to analysts’ expectations of $235.94 million. Rayonier had a return on equity of 2.89% and a net margin of 16.41%. During the same quarter in the previous year, the business earned $0.11 EPS. On average, analysts forecast that Rayonier will post 0.48 earnings per share for the current fiscal year.

Rayonier Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 3.77%. Rayonier’s dividend payout ratio (DPR) is presently 97.44%.

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.