Seaport Res Ptn Has Strong Estimate for Rayonier Q1 Earnings

Rayonier Inc. (NYSE:RYN) – Investment analysts at Seaport Res Ptn raised their Q1 2025 earnings estimates for shares of Rayonier in a report released on Tuesday, March 11th. Seaport Res Ptn analyst M. Weintraub now anticipates that the real estate investment trust will earn $0.07 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for Rayonier’s current full-year earnings is $0.55 per share. Seaport Res Ptn also issued estimates for Rayonier’s FY2025 earnings at $0.55 EPS and FY2026 earnings at $0.63 EPS.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Rayonier had a return on equity of 3.86% and a net margin of 28.44%.

Several other analysts have also commented on the stock. Royal Bank of Canada lowered their price objective on shares of Rayonier from $33.00 to $30.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Truist Financial dropped their price target on Rayonier from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com raised Rayonier from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Citigroup reduced their target price on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Raymond James raised Rayonier from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Rayonier presently has an average rating of “Hold” and an average price target of $29.00.

Rayonier Stock Up 2.5 %

Shares of Rayonier stock opened at $27.95 on Thursday. The company’s fifty day simple moving average is $26.25 and its two-hundred day simple moving average is $29.01. The company has a market cap of $4.36 billion, a P/E ratio of 11.84 and a beta of 1.00. The company has a current ratio of 1.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.61. Rayonier has a 12-month low of $24.88 and a 12-month high of $32.05.

Rayonier declared that its Board of Directors has approved a stock buyback plan on Monday, December 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Rayonier Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.09 dividend on an annualized basis and a yield of 3.90%. Rayonier’s dividend payout ratio (DPR) is 46.19%.

Institutional Investors Weigh In On Rayonier

A number of hedge funds have recently added to or reduced their stakes in RYN. Norges Bank purchased a new stake in Rayonier in the fourth quarter worth about $343,007,000. State Street Corp boosted its position in shares of Rayonier by 2.5% in the third quarter. State Street Corp now owns 4,279,512 shares of the real estate investment trust’s stock worth $137,715,000 after purchasing an additional 104,464 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Rayonier by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,372,817 shares of the real estate investment trust’s stock worth $88,031,000 after purchasing an additional 20,126 shares in the last quarter. Legal & General Group Plc boosted its holdings in Rayonier by 5.8% in the 4th quarter. Legal & General Group Plc now owns 3,107,331 shares of the real estate investment trust’s stock worth $81,101,000 after buying an additional 170,087 shares during the period. Finally, Geode Capital Management LLC increased its stake in Rayonier by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,632,193 shares of the real estate investment trust’s stock worth $68,719,000 after buying an additional 39,332 shares in the last quarter. 89.12% of the stock is currently owned by hedge funds and other institutional investors.

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.