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

Shares of Rayonier Inc. (NYSE:RYN - Get Free Report) have earned an average rating of "Hold" from the two brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.50.

Several analysts have recently commented on RYN shares. Royal Bank of Canada restated a "sector perform" rating and issued a $34.00 target price on shares of Rayonier in a research note on Friday, June 14th. Truist Financial lowered their price objective on Rayonier from $34.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, July 16th. Finally, StockNews.com raised Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, August 17th.

Insider Buying and Selling

In related news, Director V. Larkin Martin sold 10,011 shares of Rayonier stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $30.57, for a total transaction of $306,036.27. Following the completion of the transaction, the director now directly owns 40,168 shares of the company's stock, valued at $1,227,935.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On Rayonier

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in shares of Rayonier by 669.4% during the fourth quarter. BNP Paribas Financial Markets now owns 67,600 shares of the real estate investment trust's stock valued at $2,259,000 after acquiring an additional 58,814 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Rayonier by 53.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,413 shares of the real estate investment trust's stock worth $381,000 after purchasing an additional 3,954 shares during the last quarter. Commerce Bank purchased a new stake in shares of Rayonier during the fourth quarter worth about $245,000. Chesapeake Capital Corp IL purchased a new stake in shares of Rayonier during the fourth quarter worth about $997,000. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Rayonier by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 65,100 shares of the real estate investment trust's stock valued at $2,175,000 after buying an additional 640 shares during the period. Institutional investors and hedge funds own 89.12% of the company's stock.

Rayonier Stock Performance

Shares of Rayonier stock traded up $0.10 during trading on Friday, reaching $31.87. The company's stock had a trading volume of 2,185,933 shares, compared to its average volume of 603,101. The company has a 50-day moving average price of $30.23 and a two-hundred day moving average price of $30.49. Rayonier has a fifty-two week low of $24.84 and a fifty-two week high of $35.29. The firm has a market cap of $4.74 billion, a PE ratio of 28.46 and a beta of 1.04. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75.

Rayonier (NYSE:RYN - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The company had revenue of $173.60 million for the quarter, compared to analysts' expectations of $218.86 million. During the same period in the prior year, the business earned $0.05 EPS. The business's quarterly revenue was down 16.9% compared to the same quarter last year. On average, analysts forecast that Rayonier will post 0.4 EPS for the current year.

Rayonier Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Monday, September 16th. Rayonier's dividend payout ratio (DPR) is 101.79%.

About Rayonier

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.