Rayonier Inc. (NYSE:RYN) Expected to Post FY2024 Earnings of $0.45 Per Share

Rayonier Inc. (NYSE:RYN) – Research analysts at Zacks Research decreased their FY2024 earnings estimates for shares of Rayonier in a research note issued on Wednesday, May 22nd. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $0.45 for the year, down from their prior forecast of $0.48. The consensus estimate for Rayonier’s current full-year earnings is $0.46 per share. Zacks Research also issued estimates for Rayonier’s Q4 2024 earnings at $0.12 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.14 EPS and Q4 2025 earnings at $0.13 EPS.

Rayonier (NYSE:RYN) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $168.10 million for the quarter, compared to analysts’ expectations of $190.04 million. Rayonier had a net margin of 15.92% and a return on equity of 3.21%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Rayonier from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Royal Bank of Canada boosted their price objective on shares of Rayonier from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Finally, TheStreet upgraded shares of Rayonier from a “c+” rating to a “b-” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.50.

Rayonier Price Performance

Shares of NYSE:RYN opened at $29.49 on Friday. The stock has a market cap of $4.39 billion, a PE ratio of 26.33 and a beta of 1.09. The company’s fifty day moving average is $31.05 and its 200 day moving average is $31.86. Rayonier has a 52 week low of $24.84 and a 52 week high of $35.29. The company has a quick ratio of 2.08, a current ratio of 2.46 and a debt-to-equity ratio of 0.74.

Rayonier Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Friday, June 14th. Rayonier’s payout ratio is 101.79%.

Institutional Investors Weigh In On Rayonier

Large investors have recently modified their holdings of the stock. Duff & Phelps Investment Management Co. bought a new stake in shares of Rayonier during the 4th quarter valued at about $1,470,000. International Assets Investment Management LLC boosted its stake in shares of Rayonier by 3,240.9% during the 4th quarter. International Assets Investment Management LLC now owns 17,640 shares of the real estate investment trust’s stock valued at $589,000 after purchasing an additional 17,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Rayonier during the 3rd quarter valued at about $914,000. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Rayonier by 66.2% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 228,879 shares of the real estate investment trust’s stock valued at $6,514,000 after purchasing an additional 91,141 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Rayonier during the fourth quarter worth about $615,000. Institutional investors own 89.12% of the company’s stock.

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.