Rayonier (NYSE:RYN - Get Free Report) announced its earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.08, Zacks reports. Rayonier had a net margin of 28.44% and a return on equity of 3.86%. Rayonier updated its FY 2025 guidance to 0.510-0.640 EPS.
Rayonier Price Performance
Shares of NYSE RYN traded down $0.13 during midday trading on Friday, reaching $26.23. The company's stock had a trading volume of 1,214,047 shares, compared to its average volume of 788,997. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.85 and a current ratio of 1.12. The company has a market cap of $3.91 billion, a P/E ratio of 11.11 and a beta of 1.03. The business's 50 day moving average price is $27.16 and its two-hundred day moving average price is $29.61. Rayonier has a fifty-two week low of $24.88 and a fifty-two week high of $35.29.
Rayonier Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Monday, March 17th. Rayonier's dividend payout ratio is currently 48.31%.
Rayonier declared that its Board of Directors has approved a stock buyback program on Monday, December 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research firms have weighed in on RYN. Truist Financial lowered their price target on Rayonier from $32.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded shares of Rayonier from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Citigroup reduced their price objective on Rayonier from $32.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their target price on Rayonier from $33.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Friday. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.33.
Check Out Our Latest Stock Analysis on Rayonier
About Rayonier
(
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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.
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