Rayonier (RYN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rayonier in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RYN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RYN, but not buy additional shares or sell existing shares.
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2 Wall Street analysts have issued 1 year target prices for Rayonier's shares. Their RYN share price forecasts range from $33.00 to $36.00. On average, they anticipate the company's share price to reach $34.50 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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Rayonier's stock was trading at $32.96 at the beginning of 2023. Since then, RYN shares have decreased by 7.6% and is now trading at $30.44.
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Rayonier saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,390,000 shares, a decrease of 15.2% from the April 30th total of 1,640,000 shares. Based on an average daily trading volume, of 446,300 shares, the days-to-cover ratio is presently 3.1 days.
View Rayonier's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our RYN earnings forecast.

Rayonier Inc. (NYSE:RYN) released its earnings results on Wednesday, May, 3rd. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by $0.07. The real estate investment trust had revenue of $179.10 million for the quarter, compared to analyst estimates of $210.13 million. Rayonier had a net margin of 9.94% and a trailing twelve-month return on equity of 3.44%. The company's quarterly revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS.

Rayonier announced a quarterly dividend on Friday, May 19th. Investors of record on Friday, June 16th will be given a dividend of $0.285 per share on Friday, June 30th. This represents a $1.14 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for RYN.

ETFs with the largest weight of Rayonier (NYSE:RYN) stock in their portfolio include iShares Global Timber & Forestry ETF (WOOD), Invesco MSCI Global Timber ETF (CUT), Amplify Inflation Fighter ETF (IWIN), SP Funds S&P Global REIT Sharia ETF (SPRE), JPMorgan Climate Change Solutions ETF (TEMP), Invesco S&P MidCap Low Volatility ETF (XMLV), JPMorgan Sustainable Consumption ETF (CIRC) and Invesco Active U.S. Real Estate ETF (PSR).

Rayonier (NYSE:RYN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 3.83%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 196.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RYN will have a dividend payout ratio of 223.53% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RYN.

Rayonier updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.36-$0.36 for the period, compared to the consensus estimate of $0.47. The company issued revenue guidance of -.

31 employees have rated Rayonier Chief Executive Officer David Nunes on Glassdoor.com. David Nunes has an approval rating of 62% among the company's employees. This puts David Nunes in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rayonier investors own include Energy Transfer (ET), AT&T (T), Bank of America (BAC), Weyerhaeuser (WY), Enterprise Products Partners (EPD), Ciena (CIEN), Ford Motor (F), Pfizer (PFE), Apollo Global Management (APO) and Alliance Resource Partners (ARLP).

Rayonier trades on the New York Stock Exchange (NYSE) under the ticker symbol "RYN."

Rayonier's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.36%), BlackRock Inc. (9.15%), JPMorgan Chase & Co. (6.01%), Impax Asset Management Group plc (3.93%), Pictet Asset Management SA (3.16%) and State Street Corp (2.79%). Insiders that own company stock include April J Tice, April J Tice, David L Nunes, Douglas M Long, Mark Mchugh, Mark R Bridwell, Meridee Moore, Shelby L Pyatt and W Rhett Rogers.
View institutional ownership trends.

Shares of RYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RYN stock can currently be purchased for approximately $30.44.

Rayonier (NYSE:RYN) has a market capitalization of $4.51 billion and generates $909.10 million in revenue each year. The real estate investment trust earns $107.08 million in net income (profit) each year or $0.58 on an earnings per share basis.

The company employs 406 workers across the globe.

Rayonier's mailing address is 1 RAYONIER WAY, WILDLIGHT FL, 32097. The official website for the company is www.rayonier.com. The real estate investment trust can be reached via phone at (904) 357-9100, via email at investorrelations@rayonier.com, or via fax at 904-357-9101.