Rayonier (NYSE:RYN) Announces Quarterly Earnings Results

Rayonier (NYSE:RYN) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.08, Zacks reports. Rayonier had a return on equity of 2.95% and a net margin of 15.84%. Rayonier updated its FY 2025 guidance to 0.510-0.640 EPS.

Rayonier Trading Up 0.1 %

NYSE:RYN opened at $25.72 on Thursday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 24.26 and a beta of 1.03. The company has a quick ratio of 1.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average price is $27.38 and its 200-day moving average price is $29.65. Rayonier has a 52 week low of $24.88 and a 52 week high of $35.29.

Rayonier Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.24%. Rayonier’s dividend payout ratio (DPR) is 107.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RYN shares. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Truist Financial decreased their price target on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Citigroup dropped their price objective on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.67.

Rayonier declared that its Board of Directors has initiated a stock repurchase program on Monday, December 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.