Rayonier (NYSE:RYN) Hits New 12-Month Low – Time to Sell?

Rayonier Inc. (NYSE:RYN) reached a new 52-week low on Tuesday . The stock traded as low as $21.17 and last traded at $21.28, with a volume of 338337 shares trading hands. The stock had previously closed at $21.48.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Rayonier in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Rayonier from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Citigroup lowered their price target on shares of Rayonier from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.25.

Rayonier Stock Performance

The company has a quick ratio of 3.38, a current ratio of 3.50 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $24.66 and a 200 day moving average price of $24.33. The stock has a market cap of $3.29 billion, a P/E ratio of 4.31 and a beta of 0.98.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Rayonier had a return on equity of 3.39% and a net margin of 68.53%.The business had revenue of $177.53 million for the quarter, compared to analyst estimates of $162.82 million. During the same quarter last year, the firm posted $0.12 earnings per share. The business’s revenue was up 43.0% compared to the same quarter last year. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS. FY 2025 guidance at 0.410- EPS. As a group, sell-side analysts expect that Rayonier Inc. will post 0.55 EPS for the current year.

Rayonier Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $0.2725 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.09 dividend on an annualized basis and a yield of 5.1%. Rayonier’s dividend payout ratio (DPR) is presently 21.63%.

Hedge Funds Weigh In On Rayonier

A number of hedge funds have recently added to or reduced their stakes in the stock. Hancock Whitney Corp raised its stake in shares of Rayonier by 2.0% during the third quarter. Hancock Whitney Corp now owns 62,061 shares of the real estate investment trust’s stock valued at $1,647,000 after acquiring an additional 1,237 shares in the last quarter. Abel Hall LLC grew its stake in Rayonier by 42.0% in the third quarter. Abel Hall LLC now owns 16,355 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 4,835 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Rayonier by 22.5% during the 3rd quarter. NewEdge Advisors LLC now owns 4,156 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 764 shares during the period. Caxton Associates LLP bought a new stake in Rayonier during the 3rd quarter valued at $200,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Rayonier in the 3rd quarter worth $1,154,000. 89.12% of the stock is currently owned by 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.