Brokerages Set Rayonier Inc. (NYSE:RYN) PT at $26.50

Rayonier Inc. (NYSE:RYN) has been assigned an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.50.

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $25.00 price target on shares of Rayonier in a research note on Thursday, December 18th. Citigroup cut their target price on Rayonier from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rayonier in a report on Monday, December 29th. Finally, Truist Financial decreased their price objective on shares of Rayonier from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Tuesday, January 6th.

Rayonier Stock Performance

Shares of Rayonier stock opened at $24.67 on Monday. The business’s 50 day moving average price is $22.05 and its 200 day moving average price is $23.94. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 4.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.39 and a current ratio of 3.44. Rayonier has a one year low of $21.06 and a one year high of $28.31.

Rayonier (NYSE:RYN) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Rayonier had a return on equity of 4.74% and a net margin of 70.95%.The business had revenue of $177.53 million during the quarter, compared to the consensus estimate of $162.82 million. During the same period last year, the company earned $0.12 EPS. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. Rayonier has set its Q4 2025 guidance at 0.080-0.110 EPS and its FY 2025 guidance at 0.410- EPS. On average, research analysts predict that Rayonier will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Rayonier

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Rayonier during the second quarter worth approximately $304,538,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Rayonier by 15.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,842,552 shares of the real estate investment trust’s stock valued at $107,408,000 after acquiring an additional 639,000 shares during the last quarter. Legal & General Group Plc increased its stake in Rayonier by 0.7% during the third quarter. Legal & General Group Plc now owns 4,222,235 shares of the real estate investment trust’s stock worth $112,058,000 after acquiring an additional 28,705 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Rayonier by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,782,342 shares of the real estate investment trust’s stock worth $100,383,000 after purchasing an additional 94,033 shares during the period. Finally, AQR Capital Management LLC increased its position in Rayonier by 23.0% during the 3rd quarter. AQR Capital Management LLC now owns 2,197,009 shares of the real estate investment trust’s stock worth $58,133,000 after purchasing an additional 411,169 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

About Rayonier

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.