Q1 Earnings Forecast for Rayonier Issued By Seaport Res Ptn

Rayonier Inc. (NYSE:RYN) – Equities researchers at Seaport Res Ptn boosted their Q1 2025 earnings per share (EPS) 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 post earnings of $0.07 per share for the quarter, up from their previous 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 posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. Rayonier had a return on equity of 3.86% and a net margin of 28.44%.

Other analysts have also recently issued reports about the stock. Citigroup lowered their price objective on shares of Rayonier from $32.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. StockNews.com upgraded Rayonier from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Royal Bank of Canada reduced their price objective on Rayonier from $33.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Truist Financial dropped their target price on shares of Rayonier from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Raymond James upgraded shares of Rayonier from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Wednesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Rayonier Price Performance

Rayonier stock opened at $27.23 on Thursday. Rayonier has a 1 year low of $24.88 and a 1 year high of $32.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.85 and a current ratio of 1.12. The firm has a 50 day moving average price of $26.20 and a 200 day moving average price of $29.04. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 11.54 and a beta of 1.00.

Rayonier Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.00%. The ex-dividend date is Monday, March 17th. Rayonier’s dividend payout ratio (DPR) is 46.19%.

Rayonier announced that its board has initiated a stock repurchase plan on Monday, December 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Rayonier

Institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Rayonier during the fourth quarter worth about $25,000. Venturi Wealth Management LLC grew its stake in Rayonier by 165.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,079 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 672 shares in the last quarter. UMB Bank n.a. increased its holdings in Rayonier by 59.7% during the 4th quarter. UMB Bank n.a. now owns 1,404 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 525 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Rayonier by 264.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,677 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,217 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Rayonier by 41.8% during the 4th quarter. GAMMA Investing LLC now owns 1,733 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 511 shares during the last quarter. Institutional investors and hedge funds 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.