Rayonier (NYSE:RYN – Get Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01, Briefing.com reports. The company had revenue of $168.10 million during the quarter, compared to analysts’ expectations of $190.04 million. Rayonier had a return on equity of 2.89% and a net margin of 16.41%. The business’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share.
Rayonier Trading Down 1.2 %
RYN stock traded down $0.37 during midday trading on Thursday, reaching $29.42. The stock had a trading volume of 864,273 shares, compared to its average volume of 602,981. The business has a fifty day simple moving average of $32.52 and a two-hundred day simple moving average of $31.47. The company has a quick ratio of 2.04, a current ratio of 2.26 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 25.46 and a beta of 1.09. Rayonier has a twelve month low of $24.84 and a twelve month high of $35.29.
Rayonier Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.285 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.14 dividend on an annualized basis and a yield of 3.87%. Rayonier’s payout ratio is 97.44%.
Analysts Set New Price Targets
Read Our Latest Research Report on Rayonier
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.
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