Rayonier
About: Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.
Employees: 438
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
35% more call options, than puts
Call options by funds: $16.7M | Put options by funds: $12.4M
8% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 40
0% less capital invested
Capital invested by funds: $4.18B [Q2] → $4.16B (-$20.7M) [Q3]
1% less funds holding
Funds holding: 315 [Q2] → 313 (-2) [Q3]
9.75% less ownership
Funds ownership: 96.62% [Q2] → 86.87% (-9.75%) [Q3]
34% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 116
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$25
6%
downside
Avg. target
$28
4%
upside
High target
$30
13%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Citigroup Anthony Pettinari 56% 1-year accuracy 34 / 61 met price target | 6%downside $25 | Neutral Maintained | 15 Jan 2025 |
Truist Securities Michael Roxland 61% 1-year accuracy 27 / 44 met price target | 13%upside $30 | Hold Maintained | 6 Jan 2025 |
Financial journalist opinion
Neutral
Business Wire
5 days ago
Rayonier Scheduled to Release Fourth Quarter Earnings on February 5
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 6 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. In.
Neutral
Business Wire
4 weeks ago
Rayonier Announces Pore Space Agreement with Reliant Carbon Capture & Storage Covering Approximately 104,000 Acres
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture & Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO2 emissions from power plants and industrial facilities and safely sequestering this CO2 in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a fron.
Neutral
Zacks Investment Research
1 month ago
Rayonier Announces New Share Repurchase Program & Special Dividend
To reward its shareholders, RYN's board of directors approves a new share repurchase authorization and declares a one-time special dividend.
Neutral
Business Wire
1 month ago
Rayonier Announces New $300 Million Share Repurchase Authorization
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (the “Company” or “Rayonier”) (NYSE:RYN) today announced that the Company's board of directors has approved a new $300 million share repurchase authorization. The new authorization replaces and supersedes the Company's existing $100 million share repurchase authorization. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The new repurchase program has no time limit.
Neutral
Business Wire
1 month ago
Rayonier Declares Special Dividend of $1.80 Per Share Payable 25% in Cash and 75% in Common Shares
WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (the “Company” or “Rayonier”) (NYSE:RYN) announced today that the Company's board of directors has declared a one-time, special dividend of $1.80 per common share, consisting of a combination of cash and the Company's common shares. The dividend is payable on January 30, 2025 to shareholders of record on December 12, 2024. The special dividend is being made in connection with the taxable gains arising from the $495 million of timberland dispositio.
Negative
Seeking Alpha
2 months ago
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 came in -7.7% and -7.0% below the consensus financial forecasts, respectively, due to the underperformance of the New Zealand Timber segment. But Rayonier has already achieved 73.7% of its $1 billion asset divestment target, which implies that it could potentially exceed its asset sales goal by the middle of next year.
Neutral
Seeking Alpha
2 months ago
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 – President and Chief Executive Officer April Tice – Senior Vice President and Chief Financial Officer Doug Long – Executive Vice President and Chief Resource Officer Conference Call Participants Matthew McKellar – RBC Capital Markets Mark Weintraub – Seaport Research Partners Operator Welcome and thank you for joining Rayonier's Third Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
Negative
Zacks Investment Research
2 months ago
Rayonier's Earnings and Revenues Miss Estimates in Q3
Rayonier's Q3 earnings reflect lower contributions from its New Zealand Timber segment.
Negative
Zacks Investment Research
2 months ago
Rayonier (RYN) Q3 Earnings and Revenues Miss Estimates
Rayonier (RYN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.13 per share a year ago.
Neutral
Business Wire
2 months ago
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 compares to net income attributable to Rayonier of $19.2 million, or $0.13 per share, on revenues of $201.6 million in the prior year quarter. The third quarter results included $12.0 million of net recoveries associated with legal settlements,1 $0.9 million of costs related to disposition initiative.
Charts implemented using Lightweight Charts™