Shares of Rayonier Inc. (NYSE:RYN – Get Free Report) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.60.
Several equities research analysts have recently commented on the company. Citigroup decreased their price target on Rayonier from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. BMO Capital Markets dropped their price objective on Rayonier from $26.00 to $25.00 and set a “market perform” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings cut Rayonier from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Truist Financial decreased their target price on Rayonier from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Finally, Wall Street Zen raised Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, April 18th.
Get Our Latest Research Report on RYN
Rayonier Stock Performance
Rayonier (NYSE:RYN – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Rayonier had a net margin of 7.83% and a return on equity of 4.01%. The firm had revenue of $396.50 million for the quarter, compared to the consensus estimate of $374.28 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm’s revenue was up 272.3% on a year-over-year basis. Equities research analysts predict that Rayonier will post 0.39 earnings per share for the current fiscal year.
Rayonier Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Rayonier’s dividend payout ratio is presently 231.11%.
Hedge Funds Weigh In On Rayonier
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RYN. Eurizon Capital SGR S.p.A. purchased a new position in Rayonier during the fourth quarter worth $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Rayonier by 65.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 627 shares during the last quarter. Bayban acquired a new position in Rayonier in the 1st quarter valued at about $36,000. Hartford Financial Management Inc. raised its stake in Rayonier by 49.7% in the 4th quarter. Hartford Financial Management Inc. now owns 1,732 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 575 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in Rayonier by 74.0% in the 1st quarter. Whittier Trust Co. now owns 2,279 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 969 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.
Key Stories Impacting Rayonier
Here are the key news stories impacting Rayonier this week:
- Positive Sentiment: Rayonier reported second-quarter revenue of $396.5 million, up 272.3% year over year and above analyst expectations of approximately $374 million. Adjusted earnings of $0.10 per share met consensus and improved from $0.06 a year earlier. Rayonier Q2 Earnings Report
- Positive Sentiment: Management forecast 2026 real-estate adjusted EBITDA of $180 million to $200 million and expects southern harvest volumes of 12.2 million to 12.5 million tons, signaling stronger contribution from the company’s real-estate and timber operations. Rayonier 2026 Outlook
- Positive Sentiment: The company completed a portfolio swap involving the sale of about 36,000 Washington timberland acres for $145 million and the acquisition of approximately 57,000 acres in Alabama and Texas for $146 million. The transactions are intended to improve geographic positioning and portfolio quality with minimal net cash outlay. Rayonier Timberland Transactions
- Neutral Sentiment: Management highlighted post-merger upside and continued portfolio optimization on the earnings call, but investors may wait for evidence that the transactions and expanded timberland base translate into sustained cash-flow growth. Rayonier Earnings Call Highlights
- Negative Sentiment: Despite substantial revenue growth, reported net income attributable to common shareholders was $19.1 million, and some third-party data showed diluted EPS below an alternate consensus estimate. The conflicting earnings figures likely contributed to cautious trading. Two recent insider transactions were also sales, including a sizable sale by Executive Chairman Eric Cremers.
Rayonier Company Profile
Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.
Rayonier operates through two primary segments: Timber and Real Estate Solutions.
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