Rayonier Inc. (RYN)
Market Cap | 4.55B |
Revenue (ttm) | 1.00B |
Net Income (ttm) | 158.95M |
Shares Out | 151.01M |
EPS (ttm) | 1.07 |
PE Ratio | 28.25 |
Forward PE | 54.54 |
Dividend | $1.14 (3.78%) |
Ex-Dividend Date | Dec 17, 2024 |
Volume | 372,716 |
Open | 29.89 |
Previous Close | 30.07 |
Day's Range | 29.71 - 30.19 |
52-Week Range | 27.40 - 35.29 |
Beta | 1.06 |
Analysts | Hold |
Price Target | 33.67 (+11.68%) |
Earnings Date | Nov 6, 2024 |
About RYN
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. South (1.85 million acres), U.S. Pacific Northwest (418,000 acres) and New Zealand (421,000 acres). [Read more]
Financial Performance
In 2023, Rayonier's revenue was $1.06 billion, an increase of 16.27% compared to the previous year's $909.07 million. Earnings were $173.49 million, an increase of 62.03%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for RYN stock is "Hold." The 12-month stock price forecast is $33.67, which is an increase of 11.68% from the latest price.
News
Rayonier: Earnings Fall Short, But Divestments Impress
I maintain my Buy rating for Rayonier; my focus is on the company's good progress relating to its asset divestment plan, rather than its Q3 2024 results miss. RYN's Q3 2024 top line and bottom line ca...
Rayonier Inc. (RYN) Q3 2024 Earnings Call Transcript
Rayonier Inc. (NYSE:RYN) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Collin Mings – Vice President-Capital Markets and Strategic Planning Mark McHugh – Presiden...
Rayonier Reports Third Quarter 2024 Results
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported third quarter net income attributable to Rayonier of $28.8 million, or $0.19 per share, on revenues of $195.0 million. This co...
Rayonier Announces Timberland Dispositions Totaling $495 Million
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today announced completed and pending timberland dispositions totaling ~200,000 acres for an aggregate purchase price of $495 million (~$2,47...
Rayonier Announces Fourth Quarter 2024 Dividend
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a fourth quarter cash dividend of $0.285 per common share. The dividend is...
Rayonier Scheduled to Release Third Quarter Earnings on November 6
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2024 earnings after the market closes on Wednesday, November 6, 2024. Rayonier will host a conference call...
Rayonier Releases 2023 Sustainability Report and Carbon Report
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today released its 2023 Sustainability Report, which highlights the actions the company is taking to enhance the long-term sustainability of ...
Rayonier: Look Past Q2 Results Miss
RYN's Q2 2024 results fell short of the analysts' consensus estimates, but investors should look past this below-expectations second quarter performance. Rayonier still sees its 2024 EBITDA falling wi...
Rayonier Inc. (RYN) Q2 2024 Earnings Call Transcript
Rayonier Inc. (NYSE:RYN) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Collin Mings - VP, Capital Markets and Strategic Planning Mark McHugh - President and CEO Apr...
Rayonier Reports Second Quarter 2024 Results
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported second quarter net income attributable to Rayonier of $1.9 million, or $0.01 per share, on revenues of $173.6 million. This co...
Rayonier Announces Third Quarter 2024 Dividend
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a third quarter cash dividend of $0.285 per common share. The dividend is ...
Rayonier Scheduled to Release Second Quarter Earnings on August 7
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2024 earnings after the market closes on Wednesday, August 7, 2024. Rayonier will host a conference call ...
Everyone Wants Timberland Except The Public Market
REITs are currently trading at a 15.5% discount to NAV. Timber is even more discounted. Timberland values are rising, evidenced by analyst estimates, aggregated sale price trends, and recent transact...
Rayonier CEO to Present at REITweek
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that Mark McHugh, President and CEO, will present at Nareit's REITweek: 2024 Investor Conference on Tuesday, June 4 at 11:45 ...
Rayonier: Staying Bullish On Asset Monetization Plan And Financial Outlook
Rayonier Inc. is making good progress with its plan to sell $1 billion worth of assets, as the company is considering a number of potential transactions. Rayonier's unchanged FY 2024 guidance implies ...
Revlon Appoints Tchernavia Rocker as Chief People Officer
NEW YORK--(BUSINESS WIRE)--Revlon Group Holdings LLC (“Revlon” or the “Company”) today announced that Tchernavia Rocker has been appointed to the role of Chief People Officer. Ms. Rocker will also pla...
Rayonier Announces Second Quarter 2024 Dividend
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a second quarter cash dividend of $0.285 per common share. The dividend is...
13 Fast-Growing REITs With Strong Balance Sheets
There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain,...
Rayonier Inc. (RYN) Q1 2024 Earnings Call Transcript
Rayonier Inc. (NYSE:RYN) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Collin Mings - VP, Capital Markets and Strategic Planning Mark McHugh - President and CEO Dougla...
Rayonier Reports First Quarter 2024 Results
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported first quarter net income attributable to Rayonier of $1.4 million, or $0.01 per share, on revenues of $168.1 million. This com...
Rayonier Scheduled to Release First Quarter Earnings on May 1
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2024 earnings after the market closes on Wednesday, May 1, 2024. Rayonier will host a conference call and ...
Rayonier: Favorable Takeaways From Latest Investor Events
RYN's land-based solutions and real estate development businesses are expected to be the key growth drivers for the company in the medium to long term. Rayonier's $1 billion asset disposal target will...
Rayonier to Host 2024 Investor Day in New York City Today at 9:00 AM ET
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE: RYN), a leading timberland REIT, will host an Investor Day in New York City today starting at 9:00 AM ET as previously announced. Presentations w...
Rayonier Announces Additional Pore Space Lease Agreements with ExxonMobil
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of...
Rayonier to Present at Upcoming Investor Conferences
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier (NYSE:RYN) announced today that Mark McHugh, President and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Con...