Rayonier Inc. (NYSE:RYN) Given Consensus Rating of “Hold” by Brokerages

Shares of Rayonier Inc. (NYSE:RYN) have been given an average recommendation of “Hold” by the five analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.50.

A number of equities analysts have commented on RYN shares. Truist Financial cut their price objective on shares of Rayonier from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rayonier in a report on Monday, December 29th. Citigroup lowered their price objective on Rayonier from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $25.00 target price on shares of Rayonier in a research report on Thursday, December 18th.

Rayonier Stock Up 0.6%

RYN opened at $22.50 on Friday. Rayonier has a 52 week low of $21.06 and a 52 week high of $28.31. The business has a 50 day moving average price of $22.54 and a two-hundred day moving average price of $23.87. The company has a quick ratio of 3.39, a current ratio of 3.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.63 billion, a PE ratio of 7.38 and a beta of 0.98.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Rayonier had a return on equity of 4.11% and a net margin of 97.94%.The business had revenue of $117.50 million for the quarter, compared to analyst estimates of $108.71 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 24.4% compared to the same quarter last year. As a group, research analysts anticipate that Rayonier will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Rayonier

Institutional investors have recently made changes to their positions in the stock. Hartford Financial Management Inc. purchased a new position in shares of Rayonier in the 3rd quarter valued at about $31,000. Allworth Financial LP increased its holdings in Rayonier by 213.7% in the second 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. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Rayonier during the 4th quarter valued at approximately $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Rayonier by 65.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,581 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 627 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Rayonier by 138.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,696 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 986 shares in the last quarter. 89.12% of the stock is currently 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.