RYN Stock Recent News

RYN's land-based solutions and real estate development businesses are expected to be the key growth drivers for the company in the medium to long term. Rayonier's $1 billion asset disposal target will provide opportunities for the company to improve the quality of its timberland asset portfolio. RYN is still rated as a Buy, as I view the takeaways from the company's recent investor events in a favorable light.

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 Conference on Monday, March 4, 2024 at 3:25 p.m. ET, and at the Citi 2024 Global Property CEO Conference on Tuesday, March 5, 2024 at 2:10 p.m. ET. To access both events, participants can visit the Investor Relations section of Rayonier's website at www.rayonier.com and follow the registration links.

Rayonier's (RYN) Q4 earnings meet estimates despite lower-than-anticipated revenues. The pro forma operating income declines in most segments excluding Real Estate.

The headline numbers for Rayonier (RYN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Rayonier (RYN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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 call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 1 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.

Rayonier (RYN) strategically divests Oregon timberland, aligning with its capital plans for enhanced shareholder value and long-term financial resilience.

Rayonier has put in place in a new 18-month $1 billion asset divestment plan, which will free up more excess capital for deleveraging, dividends, and buybacks. The current CFO, Mark McHugh, will be appointed as the new CEO in April 2024, and I expect him to place a stronger emphasis on value-accretive capital allocation initiatives. I revise my rating for RYN from a Hold to a Buy following an assessment of its latest corporate actions.

While a solid timberland portfolio, developments in biogenetics and cloning, and capital realignment moves are likely to aid Rayonier (RYN), weak export market demand and high interest rates are woes.

Rayonier (RYN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.