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

Rayonier Inc. (NYSE:RYN - Get Free Report) has been given an average rating of "Hold" by the four brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $27.75.

A number of analysts have commented on the company. Truist Financial decreased their price objective on Rayonier from $30.00 to $27.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen upgraded Rayonier from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Citigroup dropped their price objective on Rayonier from $27.00 to $26.00 and set a "neutral" rating on the stock in a research note on Tuesday. Raymond James raised shares of Rayonier from a "market perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reduced their target price on shares of Rayonier from $28.00 to $27.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RYN. Harvest Fund Management Co. Ltd bought a new stake in shares of Rayonier during the 4th quarter worth $25,000. American National Bank & Trust purchased a new stake in Rayonier during the first quarter worth about $28,000. Elequin Capital LP bought a new stake in Rayonier in the first quarter worth about $30,000. Parallel Advisors LLC boosted its stake in Rayonier by 133.5% in the first quarter. Parallel Advisors LLC now owns 1,123 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 642 shares during the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Rayonier during the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 89.12% of the company's stock.

Rayonier Trading Up 0.7%

RYN traded up $0.16 during trading on Friday, reaching $23.48. 939,646 shares of the company's stock were exchanged, compared to its average volume of 868,669. The stock has a market capitalization of $3.66 billion, a PE ratio of 9.95 and a beta of 1.07. The company has a current ratio of 1.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61. Rayonier has a one year low of $22.80 and a one year high of $31.29. The firm has a fifty day moving average price of $24.34 and a two-hundred day moving average price of $26.38.

Rayonier (NYSE:RYN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). The business had revenue of $82.90 million during the quarter, compared to analyst estimates of $152.99 million. Rayonier had a net margin of 28.44% and a return on equity of 3.86%. The firm's revenue for the quarter was down 27.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research analysts forecast that Rayonier will post 0.55 earnings per share for the current fiscal year.

Rayonier Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.2725 per share. The ex-dividend date is Monday, June 16th. This represents a $1.09 dividend on an annualized basis and a yield of 4.64%. Rayonier's dividend payout ratio (DPR) is currently 46.78%.

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.