Rayonier (NYSE:RYN) Issues Earnings Results, Beats Estimates By $0.08 EPS

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

Rayonier Stock Performance

Shares of NYSE RYN traded down $0.03 during mid-day trading on Friday, hitting $26.32. The stock had a trading volume of 41,103 shares, compared to its average volume of 761,589. The company has a 50 day moving average of $27.27 and a two-hundred day moving average of $29.63. Rayonier has a twelve month low of $24.88 and a twelve month high of $35.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.85 and a current ratio of 1.99. The firm has a market cap of $3.92 billion, a PE ratio of 24.91 and a beta of 1.03.

Rayonier Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Monday, March 17th. Rayonier’s dividend payout ratio (DPR) is presently 107.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com raised Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Truist Financial dropped their price objective 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 lowered their target price on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.67.

Rayonier announced that its board has approved a stock buyback program on Monday, December 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Rayonier Company Profile

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.