Pyatt Shelby L Acquires Rayonier Inc. (RYN) Shares

Rayonier Inc. (NYSE:RYN) finished Friday with an addition of $1.25 to close at $38.36, an upside of 3.37 percent. An average of 321,180 shares of common stock have been traded in the last five days. There was a gain of $1.19 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 431,445 shares traded, while the 50-day average volume stands at 539,936.

RYN stock has increased by 3.06% in the last month. The company shares reached their 1-month lowest point of $34.27 on 10/06/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $25.05 and a high of $38.98 in 52 weeks. It has reached a new high 19 times so far this year and achieved 30.57% or $8.98 in price. In spite of this, the price is down -1.59% from the 52-week high.


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Insider Transactions

50 days have passed since Rayonier Inc. (RYN) last reported insider trading activity. Pyatt Shelby L, who is VP, Human Resources and IT, most recently acquired $9,076 shares at $38.23 per share on Sep 03. In this transaction, the insider spent $346,974. V.P. Chief Accounting Officer, Tice April J., disposed of 925 shares at a price of $37.75 on Sep 02. The insider now owns more than $34,919 worth of shares. Prior to that, VP, Portfolio Management Rogers W. Rhett went on to Sale 6,243 shares at $36.70 each on Aug 31. An amount of $229,118 was transacted.

Valuation Metrics

Rayonier Inc. (RYN) has a trailing price-to-earnings (P/E) ratio of 71.04, which compares with the 21.25 for the broader industry and 39.54 for the sector. In the last five years, Rayonier Inc.’s PE ratio has ranged between 257.07 and 14.58. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.19, the price-to-book (PB) ratio at 3.33, and the price-to-cash flow ratio at 52.97.

Rayonier Inc. pays a $1.08 dividend per share annually. It offers a dividend yield of 2.82%. The company has a payout ratio of 193.50%. The company’s most recent quarterly dividend payment took place on Sep. 30, and it was $0.27 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.02 reported on Monday May 21 2018.Dividends have grown by 8.00% each year over the last three years.

The quick ratio of Rayonier Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.90 for the quarter ending June 29. Its gross profit as reported stood at $146.72 million compared to revenue of $859.15 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rayonier Inc.’s return on assets was 2.00%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Rayonier Inc. had $1.25 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $57.21 million in the quarter, while revenues were grew 96.96%. The analyst consensus anticipated Rayonier Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.41, a 355.60% surprise. For the quarter, EBITDA amounted to $127.43 million. Shareholders own equity worth $141.32 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Rayonier Inc. (RYN) price momentum. RSI 9-day as of the close on 22 October was 71.30%, suggesting the stock is Overbought, with historical volatility in this time frame at 20.87%.

As of today, RYN’s price is $37.23 +3.20% or $1.19 from its 5-day moving average. RYN is currently trading +3.96% higher than its 20-day SMA and +1.08% higher than its 100-day SMA. However, the stock’s current price level is +3.87% above the SMA50 and +23.62% above the SMA200.

The stochastic %K and %D were 82.35% and 74.88%, respectively, and the average true range (ATR) was 0.79. With the 14-day stochastic at 96.92% and the average true range at 0.78, the RSI (14) stands at 65.00%. The stock has reached 0.27 on the 9-day MACD Oscillator while the 14-day reading was at 0.76.

Analyst Ratings

Raymond James downgraded Rayonier Inc. (NYSE: RYN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Rayonier Inc. (RYN) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RYN, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is RYN’s price target for the next 12 months?

Analysts predict a range of price targets between $33.00 and $38.00, with a median target of $35.50. Taking a look at these predictions, the average price target given by analysts for Rayonier Inc. (RYN) stock is $35.50.

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