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

Rayonier (NYSE:RYN) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 Trading Up 0.1 %

RYN stock traded up $0.02 during midday trading on Wednesday, hitting $25.72. The company had a trading volume of 694,720 shares, compared to its average volume of 762,736. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 24.26 and a beta of 1.03. Rayonier has a 52 week low of $24.88 and a 52 week high of $35.29. The company has a current ratio of 1.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average price is $27.51 and its 200 day moving average price is $29.68.

Rayonier Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 4.24%. Rayonier’s dividend payout ratio (DPR) is presently 107.55%.

Rayonier declared that its board has initiated a stock repurchase program on Monday, December 2nd that authorizes the company to buyback $300.00 million in outstanding 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 generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Truist Financial reduced their price objective on Rayonier from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, Citigroup dropped their target price on Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, Rayonier has an average rating of “Hold” and a consensus target price of $29.67.

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.