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, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a look-through basis, the Company's ownership in the timber fund business equates to approximately 17,000 acres.
Rayonier Price Performance
RYN Stock opened at $37.77 on Friday. Rayonier has a 1 year low of $34.07 and a 1 year high of $45.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.41 and a quick ratio of 3.69. The firm has a market capitalization of $5.53 billion, a PE ratio of 39.76 and a beta of 0.81. The business has a 50 day simple moving average of $37.18 and a 200-day simple moving average of $39.30.
Rayonier (NYSE:RYN - Get Rating) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Rayonier had a return on equity of 5.78% and a net margin of 12.59%. During the same period in the previous year, the company posted $0.22 earnings per share. Equities research analysts anticipate that Rayonier will post 0.64 earnings per share for the current fiscal year.
Rayonier Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.14 annualized dividend and a yield of 3.02%. Rayonier's payout ratio is 120.00%.
Insider Activity
In other news, Director Meridee Moore purchased 12,000 shares of Rayonier stock in a transaction dated Tuesday, May 31st. The shares were purchased at an average price of $41.26 per share, with a total value of $495,120.00. Following the transaction, the director now owns 77,000 shares in the company, valued at $3,177,020. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.62% of the company's stock.