Rayonier (RYN) Stock Overview
A land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
RYN Community Fair Values
Create NarrativeSee what 42 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Rayonier Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$21.20 |
| 52 Week High | US$27.10 |
| 52 Week Low | US$19.49 |
| Beta | 0.90 |
| 1 Month Change | -1.76% |
| 3 Month Change | 3.36% |
| 1 Year Change | -20.90% |
| 3 Year Change | -29.78% |
| 5 Year Change | -42.30% |
| Change since IPO | 128.05% |
Recent News & Updates
Narrative Update • Aug 22
RYN: Timberland Discount And Buybacks Will Support Future Upside
Analysts have adjusted the Rayonier price target range to about $24.83, reflecting updated assumptions on long term revenue growth, profit margins, and future P/E multiples, alongside recent target moves to $23 and $24 from Street research. Analyst Commentary Recent research on Rayonier highlights a mix of optimism and caution around the stock, with price targets clustered in the low to mid 20s and ratings that signal a wait and see approach on execution and growth.
Narrative Update • Aug 08
RYN: Buybacks And Timber Pricing Risks Will Shape Future Return Potential
Rayonier's fair value estimate has been revised from $22 to $23 as analysts adjust price targets slightly lower in the $24 to $25 range, reflecting updated assumptions for timber pricing, input costs, and near term earnings power. Analyst Commentary Recent Street research on Rayonier points to a more cautious tone around the stock, with price targets adjusted slightly lower and expectations tempered around near term earnings and timber market trends.Narrative Update • Jul 07
RYN: Timberland Discount And Share Repurchases Will Support Future Upside
Rayonier’s analyst price target has been trimmed by about $1 to $25, as analysts point to limited near term catalysts for southern timber pricing and flat to lower timber EBITDA, even while the stock continues to trade at a discount to underlying private market timberland values. Analyst Commentary Recent research on Rayonier highlights a mixed setup for investors, with analysts weighing the stock’s discount to private market timberland values against softer expectations for timber EBITDA and limited near term pricing catalysts in the U.S. South.Recent updates
Narrative Update • Aug 22
RYN: Timberland Discount And Buybacks Will Support Future Upside
Analysts have adjusted the Rayonier price target range to about $24.83, reflecting updated assumptions on long term revenue growth, profit margins, and future P/E multiples, alongside recent target moves to $23 and $24 from Street research. Analyst Commentary Recent research on Rayonier highlights a mix of optimism and caution around the stock, with price targets clustered in the low to mid 20s and ratings that signal a wait and see approach on execution and growth.Narrative Update • Aug 08
RYN: Buybacks And Timber Pricing Risks Will Shape Future Return Potential
Rayonier's fair value estimate has been revised from $22 to $23 as analysts adjust price targets slightly lower in the $24 to $25 range, reflecting updated assumptions for timber pricing, input costs, and near term earnings power. Analyst Commentary Recent Street research on Rayonier points to a more cautious tone around the stock, with price targets adjusted slightly lower and expectations tempered around near term earnings and timber market trends.Narrative Update • Jul 07
RYN: Timberland Discount And Share Repurchases Will Support Future Upside
Rayonier’s analyst price target has been trimmed by about $1 to $25, as analysts point to limited near term catalysts for southern timber pricing and flat to lower timber EBITDA, even while the stock continues to trade at a discount to underlying private market timberland values. Analyst Commentary Recent research on Rayonier highlights a mixed setup for investors, with analysts weighing the stock’s discount to private market timberland values against softer expectations for timber EBITDA and limited near term pricing catalysts in the U.S. South.Seeking Alpha • Jun 28
Rayonier: A Unique REIT Yielding 5% With 42% Upside
Summary Rayonier offers a compelling Buy opportunity post-PotlatchDeltic merger, with scale, vertical integration, and undervalued shares trading near record-low multiples. RYN's unique Southern Timber assets and new Wood Products segment provide low-cost production and leverage to lumber pricing and the US housing cycle. Real estate monetization is unlocking significant value, with potential per-acre uplift and a targeted 1-2% land turnover annually driving incremental EBITDA. Despite macro headwinds, synergy realization and improving lumber prices support an estimated 10% adjusted FFO/share growth and 42% upside to a $31 price target. Read the full article on Seeking Alpha
Narrative Update • Jun 23
RYN: Discounted Southern Timberlands And Buybacks Will Support Future Returns
Analysts have lowered their price targets on Rayonier to around $25, citing the stock's continued discount to U.S. South timberland values and limited near term catalysts as key reasons for the change. Analyst Commentary Recent research on Rayonier highlights a mixed setup.Analysis Article • Jun 20
Rayonier (RYN) Stock Could Be 21.8% Undervalued As Institutions Add Shares
Recent filings show major institutions like Cohen & Steers Capital Management and BlackRock increasing their Rayonier (RYN) holdings, drawing attention to the stock’s valuation score of 8.90 and current P/E ratio of 6.90 within its REIT peer group. See our latest analysis for Rayonier. Rayonier’s share price has moved to $20.98, with a 1-day share price return of 1.21% and a 90-day share price return of 7.59%. The year-to-date share price return is down 2.92% and the 1-year total shareholder...Narrative Update • Jun 08
RYN: Merger Synergies And Capital Returns Will Offset Timber Pricing Headwinds
Analysts have lowered their fair value estimate for Rayonier from $24.00 to $22.00 after reducing price targets and adjusting assumptions for slower revenue growth and slightly weaker profit margins. They point to flat to declining timber EBITDA and a lack of clear near term pricing catalysts as key factors.Narrative Update • May 25
RYN: Discounted Southern Timberlands And Buybacks Will Support Future Upside Potential
Narrative Update on Rayonier Analysts have trimmed Rayonier’s aggregated price target by $1 to $25, citing a lack of clear near term catalysts for southern timber pricing and expectations for flat to lower timber EBITDA, even as the stock continues to trade at a discount to underlying private market timberland values. Analyst Commentary Bullish analysts acknowledge the trimmed price targets but still highlight that Rayonier trades at a clear discount to underlying private market timberland values, especially in the U.S. South.Narrative Update • May 07
RYN: Synergies And Share Repurchases Will Support Future Timber Earnings Shift
Analysts have adjusted their Rayonier price target to $26. This reflects updated views on fair value, revenue growth, profit margin and a higher future P/E multiple, supported by recent research citing the company's solid balance sheet, potential synergies and flexible capital allocation, including the opportunity for share repurchases.Narrative Update • Apr 23
RYN: Synergy Execution And Capital Returns Will Shape Future Upside Potential
Rayonier's updated analyst price target has shifted from $27.00 to $24.00, as analysts weigh higher assumed discount rates against expectations for stronger revenue growth, moderating profit margins, a lower future P/E, and recent Street research that highlights the company's balance sheet, potential synergies, and flexible capital allocation. Analyst Commentary Recent Street research on Rayonier reflects a mix of viewpoints, and the latest price target revision to $24.00 signals a more cautious stance from some on the Street.Narrative Update • Apr 06
RYN: Merger Synergies And Buybacks Will Support Timber Focused Earnings Shift
Analysts have nudged Rayonier's fair value estimate higher by about $0.47 to $32.99, tying the shift to updated views on post merger revenue growth, profit margins, and a lower assumed future P/E, along with comfort around the company's balance sheet, potential cost synergies, and flexible capital allocation that could include share repurchases. Analyst Commentary Recent Street research around Rayonier has centered on how the pending merger and capital allocation choices could influence the stock's risk and reward profile.Narrative Update • Mar 23
RYN: Merger Synergies And Share Repurchases Will Drive Future Upside
Analysts have raised Rayonier's price target to $26, up from the prior $25 level, citing confidence in the company's solid balance sheet, expected cost synergies from the pending merger, and a flexible capital allocation approach that could support meaningful share repurchases over time. Analyst Commentary Recent research coverage around Rayonier and its pending merger points to a mixed but constructive setup, with analysts weighing balance sheet strength and potential cost savings against pockets of end market softness.Narrative Update • Mar 09
RYN: Post Merger Synergies And Capital Returns Will Drive Future Upside
Narrative Update on Rayonier The updated analyst price target for Rayonier moves slightly higher to $26 from a prior blend around $25 to $27. Analysts point to the company’s solid balance sheet, expected merger synergies, flexible capital allocation and the potential for share repurchases as key supports for this change.Narrative Update • Feb 22
RYN: Post Merger Synergies And Capital Returns Will Support Future Upside
The updated analyst price target for Rayonier edges down by about $0.67 per share, as analysts weigh a stronger profit margin outlook and more moderate revenue expectations against recent target tweaks related to the pending PotlatchDeltic merger, balance sheet strength, and capital allocation flexibility. Analyst Commentary Recent research on Rayonier reflects a mixed read, with some analysts focusing on balance sheet strength and merger synergies, while others highlight product mix shifts and softer end markets as key watch items for execution and valuation.Narrative Update • Feb 08
RYN: Merger Will Shift Earnings Toward Timber Resilience Despite Pulpwood Headwinds
Analysts have trimmed their price target on Rayonier to $26 from $28, reflecting slightly softer margin and growth expectations, along with commentary about modestly challenged near term packaging volumes and ongoing pressure in U.S. South pulpwood markets. Analyst Commentary Recent Street research around Rayonier has centered on the pending merger with PotlatchDeltic and how that combined company might be positioned across timber, lumber and pulpwood markets.Narrative Update • Jan 24
RYN: Merger Will Rebalance Cash Flows Toward Packaging Fiber Resilience
Analysts have trimmed their price expectations for Rayonier to $26 from $28, citing slightly higher assumed discount rates, modestly weaker revenue and margin inputs, and ongoing pressure in U.S. South pulpwood and related packaging markets. Analyst Commentary Recent research on Rayonier and its pending merger partner points to a mixed backdrop, but there are some clear positives emerging in the story that matter if you are focused on long term value and execution.Narrative Update • Jan 08
RYN: Merger Will Shift Earnings Toward Resilient Packaging Fiber Demand
Narrative Update Analysts have trimmed their Rayonier fair value estimate from about US$37.67 to roughly US$32.52, reflecting updated assumptions on discount rates, profitability and future P/E multiples, along with more cautious views on lumber exposure and near term pulpwood and packaging demand. Analyst Commentary Street research around Rayonier right now is mixed, with some caution on near term pulpwood and packaging demand but also a clear focus on how the business mix could look after the PotlatchDeltic merger and how packaging trends might support earnings power over time.Narrative Update • Dec 25
RYN: Special Dividend And Buybacks Will Drive Attractive Future Upside Potential
Analysts have slightly reduced their price target on Rayonier to approximately 27.83 dollars from about 28.17 dollars, citing marginally lower long term growth expectations, partly offset by modest improvements in projected profitability and valuation multiples. What's in the News Rayonier declared a one time special dividend of 1.40 dollars per share, payable on December 12, 2025 to shareholders of record on October 24, 2025, in connection with a merger agreement with PotlatchDeltic Corporation (Key Developments).Narrative Update • Dec 11
RYN: Share Buybacks And Special Dividend Will Drive Stronger Upside Ahead
Analysts have nudged their price target on Rayonier slightly lower, trimming fair value by about $0.67 per share to roughly $28.17. They cited modestly softer profit margin expectations and a marginally higher discount rate, which only partially offset slightly improved revenue growth projections.Narrative Update • Nov 27
RYN: Share Repurchase And Special Dividend Will Drive Bullish Momentum Into 2025
Analysts have slightly reduced their price target for Rayonier from $29.33 to $28.83 per share. This adjustment reflects improved profit margin forecasts, while accounting for lower projected revenue and substantial changes in future valuation multiples.Narrative Update • Nov 12
RYN: Higher Log Prices Will Drive Upbeat Outlook Into 2025
Analysts have revised Rayonier’s price target upward from $26 to $27, citing higher log price estimates and an improved outlook for 2025. However, they emphasize that the current valuation appears fair.Seeking Alpha • Mar 03
Rayonier Vs. Barrick: Paper Covers Pet Rock
Summary Inflation hedges are an important part of an overall portfolio construction. Unfortunately most investors chase assets without understanding the value they offer. We go over two popular inflation hedges and tell you why we bought one. Read the full article on Seeking AlphaSeeking Alpha • Nov 11
Rayonier: Earnings Fall Short, But Divestments Impress
Summary 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. Read the full article on Seeking Alpha
New Narrative • Sep 02
Soaring Costs And Soft Markets Threaten Timber Giant's Margins And Profitability
Deferred harvest activities and softer market conditions in the Timber segments could negatively impact near-term revenue and adjusted EBITDA.Seeking Alpha • Aug 13
Rayonier: Look Past Q2 Results Miss
Summary 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 within its previous guidance, as the company has intentionally pushed back certain harvests in 1H, which points to a recovery for 2H. RYN is a Buy considering its re-rating potential, as privately held timber assets are commanding a much higher EV/EBITDA multiple as compared to what the stock is trading at now. Read the full article on Seeking AlphaSeeking Alpha • May 22
Rayonier: Staying Bullish On Asset Monetization Plan And Financial Outlook
Summary 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 a return to positive EBITDA growth this year. A favorable FY 2024 outlook and positive disclosures pertaining to asset divestment support the case of a Buy rating for Rayonier. Read the full article on Seeking AlphaShareholder Returns
| RYN | US Specialized REITs | US Market | |
|---|---|---|---|
| 7D | -1.0% | -0.8% | -1.2% |
| 1Y | -20.9% | 4.6% | 18.3% |
Return vs Industry: RYN underperformed the US Specialized REITs industry which returned 4.6% over the past year.
Return vs Market: RYN underperformed the US Market which returned 18.3% over the past year.
Price Volatility
| RYN volatility | |
|---|---|
| RYN Average Weekly Movement | 3.7% |
| Specialized REITs Industry Average Movement | 3.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: RYN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: RYN's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1926 | 285 | Mark McHugh | www.rayonier.com |
Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. South and U.S. Northwest.
Rayonier Inc. Fundamentals Summary
| RYN fundamental statistics | |
|---|---|
| Market cap | US$6.34b |
| Earnings (TTM) | US$75.80m |
| Revenue (TTM) | US$968.29m |
83.2x
P/E Ratio6.5x
P/S RatioIs RYN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RYN income statement (TTM) | |
|---|---|
| Revenue | US$968.29m |
| Cost of Revenue | US$728.01m |
| Gross Profit | US$240.28m |
| Other Expenses | US$164.48m |
| Earnings | US$75.80m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.25 |
| Gross Margin | 24.81% |
| Net Profit Margin | 7.83% |
| Debt/Equity Ratio | 35.3% |
How did RYN perform over the long term?
See historical performance and comparisonDividends
11.5%
Current Dividend Yield78%
Payout RatioDoes RYN pay a reliable dividends?
See RYN dividend history and benchmarks| Rayonier dividend dates | |
|---|---|
| Ex Dividend Date | Sep 16 2026 |
| Dividend Pay Date | Sep 30 2026 |
| Days until Ex dividend | 23 days |
| Days until Dividend pay date | 37 days |
Does RYN pay a reliable dividends?
See RYN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/24 04:14 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Rayonier Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Peter Ruschmeier | Barclays |
| Ketan Mamtora | BMO Capital Markets Equity Research |
| John Babcock | BofA Global Research |