Rayonier (NYSE:RYN) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Rayonier Inc. (NYSE:RYN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.95 and traded as high as $24.78. Rayonier shares last traded at $24.6720, with a volume of 1,703,679 shares.

Wall Street Analysts Forecast Growth

RYN has been the subject of several research analyst reports. Citigroup reduced their price objective on Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Truist Financial dropped their price target on shares of Rayonier from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rayonier in a report on Monday, December 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 target price on shares of Rayonier in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Rayonier has an average rating of “Hold” and a consensus price target of $26.50.

Rayonier Stock Down 1.4%

The company’s 50 day moving average price is $22.13 and its two-hundred day moving average price is $23.96. The company has a current ratio of 3.44, a quick ratio of 3.39 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.74 billion, a PE ratio of 4.82 and a beta of 0.96.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Rayonier had a return on equity of 4.74% and a net margin of 70.95%.The company had revenue of $177.53 million for the quarter, compared to analysts’ expectations of $162.82 million. During the same period last year, the firm earned $0.12 EPS. Rayonier’s revenue for the quarter was up 43.0% compared to the same quarter last year. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS and its FY 2025 guidance at 0.410- EPS. On average, equities research analysts expect that Rayonier Inc. will post 0.55 EPS for the current fiscal year.

Institutional Trading of Rayonier

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Rayonier by 213.7% during the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 829 shares in the last quarter. Hartford Financial Management Inc. purchased a new position in shares of Rayonier in the third quarter valued at about $31,000. Caldwell Trust Co bought a new position in shares of Rayonier in the second quarter worth about $39,000. GAMMA Investing LLC grew its position in shares of Rayonier by 138.9% during the third quarter. GAMMA Investing LLC now owns 1,696 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 986 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Rayonier by 8,272.0% during the 2nd quarter. IFP Advisors Inc now owns 2,093 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,068 shares during the period. 89.12% of the stock is owned by hedge funds and other institutional investors.

Rayonier Company Profile

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.