Rayonier - RYN Stock Forecast, Price & News

Rayonier's stock was trading at $32.96 at the beginning of the year. Since then, RYN stock has decreased by 2.4% and is now trading at $32.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our RYN earnings forecast.

Rayonier Inc. (NYSE:RYN) announced its quarterly earnings results on Wednesday, February, 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.01. The real estate investment trust earned $245.40 million during the quarter, compared to analyst estimates of $207.68 million. Rayonier had a net margin of 11.78% and a trailing twelve-month return on equity of 4.95%. The company's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.

Rayonier declared a quarterly dividend on Friday, February 17th. Shareholders of record on Friday, March 17th will be given a dividend of $0.285 per share on Friday, March 31st. This represents a $1.14 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 16th.
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), Invesco Active U.S. Real Estate ETF (PSR) and JPMorgan Sustainable Consumption ETF (CIRC).

Rayonier (NYSE:RYN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 3.55%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 158.34%. 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 178.13% 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 FY23 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $0.36-0.50 for the period, compared to the consensus EPS estimate of $0.60.

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 institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.28%), Norges Bank (7.79%), JPMorgan Chase & Co. (6.34%), Impax Asset Management Group plc (3.75%), Victory Capital Management Inc. (2.30%) and Victory Capital Management Inc. (2.31%). 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.
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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 $32.18.

Rayonier (NYSE:RYN) has a market capitalization of $4.74 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 $0.72 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.