Rayonier Inc. (RYN)

NYSE: RYN · IEX Real-Time Price · USD
30.08
-0.04 (-0.13%)
Jun 24, 2024, 4:00 PM EDT - Market closed
-0.13%
Market Cap 4.48B
Revenue (ttm) 1.05B
Net Income (ttm) 166.55M
Shares Out 148.88M
EPS (ttm) 1.13
PE Ratio 26.62
Forward PE 50.16
Dividend $1.14 (3.79%)
Ex-Dividend Date Jun 14, 2024
Volume 442,333
Open 30.14
Previous Close 30.12
Day's Range 30.01 - 30.72
52-Week Range 24.84 - 35.29
Beta 1.08
Analysts Buy
Price Target 33.75 (+12.2%)
Earnings Date Jul 31, 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]

Sector Real Estate
CEO Mark D. McHugh
Employees 438
Stock Exchange NYSE
Ticker Symbol RYN
Full Company Profile

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 Statements

Analyst Forecast

According to 4 analysts, the average rating for RYN stock is "Buy." The 12-month stock price forecast is $33.75, which is an increase of 12.20% from the latest price.

Price Target
$33.75
(12.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

4 weeks ago - Business Wire

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...

Other symbols: JBL
5 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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 ...

2 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

Rayonier Announces First Quarter 2024 Dividend

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a first quarter cash dividend of $0.285 per common share. The dividend is ...

4 months ago - Business Wire

Rayonier Reports Fourth Quarter 2023 Results

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported fourth quarter net income attributable to Rayonier of $126.9 million, or $0.85 per share, on revenues of $467.4 million. This ...

5 months ago - Business Wire

Rayonier Announces Tax Treatment of 2023 Dividends

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today the tax treatment of the Company's 2023 dividend distributions on its Common Stock CUSIP 754907103. The dividends, totaling $...

5 months ago - Business Wire

Rayonier Announces Climate Pledge Commitment

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future. The...

5 months ago - Business Wire

Rayonier Scheduled to Release Fourth Quarter Earnings on January 31

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024. Rayonier will host a conference cal...

5 months ago - Business Wire

Rayonier to Host 2024 Investor Day

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN), a leading timberland REIT, today announced that it will host an Investor Day in New York City on Wednesday, February 28 at 9:00 AM ET. Rayon...

5 months ago - Business Wire

Rayonier Declares Special Cash Dividend of $0.20 Per Share

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a one-time, special cash dividend of $0.20 per common share. The dividend ...

6 months ago - Business Wire

Rayonier Completes Previously Announced Disposition of Oregon Properties

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today announced the completion of its previously announced disposition of 55,000 acres of timberland in Oregon to Manulife Investment Managem...

6 months ago - Business Wire

Rayonier Announces Leadership Succession Plan

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today announced that David Nunes will be retiring as Chief Executive Officer and a member of the Board, effective March 31, 2024. Pursuant to...

8 months ago - Business Wire

Rayonier Announces Initiatives to Enhance Shareholder Value

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today announced an asset disposition and capital structure realignment plan (the “Plan”) targeting $1 billion of select asset sales over the ...

8 months ago - Business Wire

Rayonier Reports Third Quarter 2023 Results

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported third quarter net income attributable to Rayonier of $19.2 million, or $0.13 per share, on revenues of $201.6 million. This co...

8 months ago - Business Wire

Rayonier Announces Fourth Quarter 2023 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...

8 months ago - Business Wire

Rayonier Scheduled to Release Third Quarter Earnings on November 1

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2023 earnings after the market closes on Wednesday, November 1, 2023. Rayonier will host a conference call...

9 months ago - Business Wire

Rayonier Releases 2022 Sustainability Report and Carbon Report

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today released its 2022 Sustainability Report, which highlights the actions the Company is taking to ensure the long-term sustainability of i...

10 months ago - Business Wire

Rayonier Reports Second Quarter 2023 Results

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today reported second quarter net income attributable to Rayonier of $19.0 million, or $0.13 per share, on revenues of $208.9 million. This c...

11 months ago - Business Wire

Rayonier Announces Third Quarter 2023 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 ...

1 year ago - Business Wire

Rayonier Scheduled to Release Second Quarter Earnings on August 2

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2023 earnings after the market closes on Wednesday, August 2, 2023. Rayonier will host a conference call ...

1 year ago - Business Wire