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

Rayonier (NYSE:RYN) announced its earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Trading Up 0.1 %

RYN stock traded up $0.02 during mid-day trading on Wednesday, reaching $25.72. The company had a trading volume of 694,720 shares, compared to its average volume of 762,736. The firm has a 50 day moving average of $27.51 and a 200 day moving average of $29.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.99 and a quick ratio of 1.85. Rayonier has a 12 month low of $24.88 and a 12 month high of $35.29. The company has a market capitalization of $3.83 billion, a PE ratio of 24.26 and a beta of 1.03.

Rayonier Cuts Dividend

The business also recently announced 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. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.24%. Rayonier’s dividend payout ratio is currently 107.55%.

Rayonier announced that its Board of Directors has authorized a share repurchase plan on Monday, December 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a report on Monday, January 6th. Citigroup reduced their target price on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, Rayonier presently has a consensus rating of “Hold” and a consensus price target 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.