Rayonier Inc. (RYN) Stock Price & Analysis
Rayonier Inc. (RYN) closed at USD 18.75 on Wednesday, October 28, 2026, down 2.45% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 19.22; the Oct 28, 2026 session ranged USD 18.63–19.28 on volume of 3,283,098 shares. Market capitalization is $5.61B, with a 52-week range of USD 17.71–24.82 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 06:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/RYN.md
Key facts (RYN)
- Last four reported quarters (through Jun 30, 2026): revenue $968M, net income $75.8M (7.8% margin) (SEC filings).
- Valuation: P/E 74.0x (avg 15.8x at the last 3 fiscal year-ends), net debt $1.44B.
- 1 of 80 tracked superinvestors hold RYN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $186K; 2 not under a Rule 10b5-1 plan ($108K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.67 on a 1–5 scale) (6 analysts), mean target USD 23.67 (range 19–30).
- Total return with dividends: 1Y -12.7% vs S&P 500 +13.6%; 5Y -31.0% vs S&P 500 +79.8%.
- Next earnings: 2026-11-04, EPS estimate USD 0.1, revenue estimate $407M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (RYN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.11B | $909M | $788M | $988M | $484M | $968M |
| Gross profit | $313M | $221M | $259M | $440M | $157M | — |
| Operating income | $270M | $166M | $185M | $364M | $83.3M | $57.7M |
| Net income | $153M | $107M | $173M | $359M | $474M | $75.8M |
| EPS (diluted) | $1.08 | $0.73 | $1.17 | $2.39 | $3.03 | — |
| Free cash flow | $249M | $194M | $203M | $159M | — | — |
| Gross margin | 28.3% | 24.3% | 32.9% | 44.6% | 32.5% | — |
| Operating margin | 24.3% | 18.2% | 23.4% | 36.9% | 17.2% | 6.0% |
| Net margin | 13.7% | 11.8% | 22.0% | 36.4% | 97.9% | 7.8% |
| Revenue growth | +29.1% | -18.1% | -13.3% | +25.3% | -51.0% | — |
| Cash + short-term investments | $362M | $114M | $208M | $303M | $843M | — |
| Total debt | $1.37B | $1.51B | $1.37B | $1.05B | $1.05B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (RYN)
P/E 74.0x · P/S 5.8x · EV/Sales 7.3x · P/B 1.1x · Earnings yield 1.35% · Dividend yield (paid, TTM) 5.31% · Buyback yield (TTM) 0.06% · Net debt $1.44B · EV $7.05B
P/E at fiscal year-ends: Dec 2025 7.2x, Dec 2024 11.1x, Dec 2023 29.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (RYN)
1 of 80 tracked investors hold RYN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 10.54% | $202M | Reduced -11.8% |
Insider sales (SEC Form 4, open-market, last ~7 months) (RYN)
2 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Daniels Ryan M. | SVP, Wood Products | 14 | $0K | 0% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-30 | Daniels Ryan M. | SVP, Wood Products | 887 | $16K | 1.6% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-09-10 | Bridwell Mark R | EVP, GC and Secretary | 5,318 | $107K | 3.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-04-20 | Wasechek Wayne | EVP and CFO | 2,920 | $62K | 2.5% | Yes (adopted August 1, 2024) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (RYN)
Consensus Hold (mean 2.67 on a 1–5 scale), 6 analysts; mean target USD 23.67 (low 19, high 30).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | RBC Capital | Target lowered | Sector Perform | $24 → $20 |
| 2026-10-12 | Truist Securities | Target lowered | Hold | $24 → $22 |
| 2026-10-05 | Citigroup | Target lowered | Neutral | $23 → $19 |
| 2026-08-10 | Citigroup | Target raised | Neutral | $22 → $23 |
| 2026-07-15 | Truist Securities | Target lowered | Hold | $25 → $24 |
Total return (dividends reinvested) (RYN)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -12.7% | -31.0% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | -12.7% | -7.1% |
| Volatility (annualized) | 25.1% | 25.8% |
| Max drawdown | -24.2% (Jan 2026→Oct 2026) | -45.1% (Apr 2022→Sep 2026) |
RYN earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.10 | $0.10 | In line | -2.3% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.07 | $0.03 | Beat +$0.04 | -1.4% |
| Feb 11, 2026 | Quarter ended Dec 31, 2025 | $0.20 | $0.11 | Beat +81.8% | +0.3% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.32 | $0.22 | Beat +45.5% | +2.9% |
| Aug 6, 2025 | — | — | — | — | +8.0% |
| Apr 30, 2025 | — | — | — | — | -3.8% |
| Feb 5, 2025 | — | — | — | — | +2.5% |
| Nov 6, 2024 | — | — | — | — | -0.1% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
RYN recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 7, 2026 | Schedule 13G/A | Cohen & Steers, Inc., Cohen & Steers Capital Management, Inc.: 4.2% of shares, passive 5%+ holder (amended) |
| Aug 7, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
| Jul 17, 2026 | 8-K | Director or executive officer change, or pay arrangement; Other material event “On July 16, 2026, the Board of Directors of Rayonier Inc. ("Rayonier" or the "Company") approved the appointment of Ryan M. Daniels as Senior Vice President, Wood Products. On March 11, 2026, the Company had announced the appointment of Mr. Daniels as Interim Senior Vice President, Wood Products, effective March 20, 2026. Mr. Daniels will continue leadership of the Wood Products business on a permanent basis. Mr. Daniels, 47, has served as Interim Senior Vice President, Wood Products, since March 2026. Prior to…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
RYN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Wood Products Sales | $196.2M | 49.5% | — |
| Southern Timber | $96.9M | 24.4% | +81.8% |
| Real Estate | $53.3M | 13.4% | +83.2% |
| Northwest Timber | $49.7M | 12.5% | +109.1% |
| Total revenue | $396.5M | 100% | — |
RYN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Wood Products Sales | $196.2M | 49.5% | — |
| Lumber | $158.6M | 40.0% | — |
| Total Timber Sales | $80.4M | 20.3% | +83.6% |
| Total Delivered | $55.6M | 14.0% | +125.8% |
| Total Real Estate Sales | $53.3M | 13.4% | +83.2% |
| Sawtimber | $48.2M | 12.1% | +105.8% |
| Rural | $40.7M | 10.3% | +159.0% |
| Plywood/Residual/Other | $37.5M | 9.5% | — |
| Pulpwood | $30.0M | 7.6% | +54.4% |
| Total Stumpage | $24.7M | 6.2% | +29.3% |
| Stumpage Pay-as-Cut | $23.9M | 6.0% | +24.7% |
| Total Non-Timber Sales | $16.6M | 4.2% | +73.3% |
| License Revenue, Primarily From Hunting | $8.9M | 2.2% | +66.7% |
| Improved Development | $6.4M | 1.6% | -24.1% |
| Deferred Revenue/Other | $6.1M | 1.5% | +226.8% |
| Land-Based Solutions | $4.1M | 1.0% | +46.0% |
| Other Non-Timber/Carbon Credit Revenue | $3.6M | 0.9% | +149.9% |
| Hardwood | $2.2M | 0.5% | +135.4% |
| Stumpage Lump Sum | $873,000 | 0.2% | +55.6% |
| Total revenue | $396.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
RYN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Taurus Forest Holdings | “On March 9, 2025, we entered into a purchase and sale agreement with Taurus Forest Holdings Limited, pursuant to which we agreed to sell our entire 77% interest in our New Zealand operations.” |
Quoted from the company's 10-K filed Feb 23, 2026.
RYN customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 11% of revenue, per the company's 10-K filed Feb 23, 2026. The company does not name it.
RYN company outlook (results filed Aug 5, 2026)
- “We also continue to expect that full-year 2026 average log pricing for the combined company's Northwest Timber segment will be higher than the standalone pricing for Rayonier in the prior year. • Wood Products: In our Wood Products segment, we continue to expect lumber shipments to total approximately 1.1 billion board feet for the 11 months of contribution in 2026.”
- “We further expect lumber shipments in the third quarter of approximately 320 to 330 million board feet.”
Quoted word-for-word from the SEC 8-K results press release.
RYN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.10 | $0.16 | -35.2% | $407.0M | 5 |
| Next quarter (ends Dec 2026) | $0.15 | $0.13 | +16.9% | $429.5M | 5 |
| Current fiscal year (ends Dec 2026) | $0.42 | $0.47 | -9.3% | $1.51B | 5 |
| Next fiscal year (ends Dec 2027) | $0.57 | $0.66 | -13.4% | $1.64B | 5 |
RYN options: expected move
Options price a move of about ±8.9% (±$1.68) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±2.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 34.7% | ±8.9% |
| Dec 18, 2026 | 51 | 31.5% | ±11.2% |
| Jan 15, 2027 | 79 | 27.5% | ±11.5% |
| Feb 19, 2027 | 114 | 28.9% | ±13.6% |
| May 21, 2027 | 205 | 30.7% | ±18.3% |
| Aug 20, 2027 | 296 | 29.4% | ±20.5% |
30-day implied volatility 26.3% vs 24.3% realized over the last 30 trading days. Put/call ratio (volume) 0.6. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 06:27 UTC)
| Price | USD 18.75 |
|---|---|
| Change | ▼ 2.45% (down) |
| Previous Close | USD 19.22 |
| Open | USD 19.13 |
| Day Range | USD 18.63 – 19.28 |
| 52-Week Range | USD 17.71 – 24.82 |
| Volume | 3,283,098 shares |
| Market Cap | $5.61B |
| Exchange | NYQ |
Technical Analysis (RYN)
Nexqual's technical model rates RYN "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 06:27 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 45.06 (neutral) |
| vs SMA50 | Below (USD 19.58) |
| MACD | -0.17 (negative) |
Analyst Ratings (RYN)
Wall Street analysts rate RYN "Hold" based on 6 analysts, with a mean price target of USD 23.67 (range USD 19–30), per Nexqual as of October 29, 2026 at 06:27 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 23.67 |
| High Target | USD 30 |
| Low Target | USD 19 |
| Buy / Hold / Sell | 2 / 4 / 0 |
Earnings (RYN)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.1 |
| Revenue Estimate | $406.98M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.1 vs est 0.1 ▲ beat |
| 2026-03-31 | USD 0.07 vs est 0.03 ▲ beat |
| 2025-12-31 | USD 0.2 vs est 0.11 ▲ beat |
| 2025-09-30 | USD 0.32 vs est 0.22 ▲ beat |
Source: Nexqual, October 29, 2026 at 06:27 UTC.
Financials & Fundamentals (RYN)
| Total Revenue | $968.29M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +272.10% |
| Gross Margin | +24.82% |
| Operating Margin | +11.79% |
| Profit Margin | +7.83% |
| ROE | +2.02% |
| Debt / Equity | 0.36 |
| Current Ratio | 3.56 |
| Total Cash | $411.76M |
| Total Debt | $1.89B |
Source: Nexqual, October 29, 2026 at 06:27 UTC.
Financial Health Score (RYN)
Nexqual rates Rayonier Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 06:27 UTC.
| Growth | Critical — Revenue -62% YoY (annual), sharp decline |
|---|---|
| Profitability | Mixed — Gross margin 24%, operating 6% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $412M cash and investments vs $1.86B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $257M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 1%, ROA 1.0% (last 4 quarters, SEC) |
Ownership (RYN)
| Insider Ownership | +0.97% |
|---|---|
| Institutional Ownership | +93.27% |
| Shares Outstanding | 297.57M |
| Float | 276.98M |
| Short % of Float | +5.01% |
Source: Nexqual, October 29, 2026 at 06:27 UTC.
Leadership (RYN)
Rayonier Inc. is led by Mark D. McHugh, President, CEO & Director, per Nexqual as of October 29, 2026 at 06:27 UTC.
| President, CEO & Director | Mark D. McHugh |
|---|---|
| Executive Vice President of Land Resources | W. Rhett Rogers |
| Executive Chairman of the Board | Eric J. Cremers |
| Executive VP & CFO | Wayne Wasechek |
| Senior VP of Real Estate Development & President of Raydient | Christopher T. Corr |
Major Backers & Investors (RYN)
Notable institutional backers of Rayonier Inc. include Cohen & Steers Inc., NORGES BANK, Price (T.Rowe) Associates Inc, according to Nexqual as of October 29, 2026 at 06:27 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 7.37% |
| NORGES BANK | 5.88% |
| Price (T.Rowe) Associates Inc | 5.46% |
| Southeastern Asset Management Inc/TN/ | 3.19% |
| Fuller & Thaler Asset Management Inc. | 3.13% |
| UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. | 2.52% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.74% |
| BlackRock | 9.75% |
| Legal & General Group PLC | 3.37% |
| State Street | 3.07% |
Source: Nexqual, October 29, 2026 at 06:27 UTC.
From Rayonier Inc.'s Latest SEC 10-K Filing (filed 2026-02-23)
Key Strengths & Strategy (as disclosed to the SEC)
- We further seek to mitigate risk and capitalize on synergy opportunities by focusing our acquisition efforts in areas where we have existing operations and proprietary market knowledge. •Optimize Portfolio Value Through Differentiated Real Estate Platform.
- As of December 31, 2025, our Southern timberlands acreage consisted of approximately 1.69 million acres (including approximately 61,000 acres of leased lands) located in Alabama, Arkansas, Florida, Georgia, Louisiana, South Carolina and Texas.
- Under our REIT structure, we are generally not required to pay federal income taxes on our earnings from timber harvest operations and other REIT-qualifying activities, which allows us to optimize the value of our portfolio in a tax efficient manner.
- We believe our continued commitment to transparency around the stewardship of our assets and capital will allow us to effectively attract and deploy capital, and further enhance our reputation as a preferred industry supplier and employer.
Partnerships
- To this end, we regularly assess our timberland portfolio to identify properties with land-based solutions potential, and we actively engage with credible counterparties to pursue value-enhancing transactions, generally with little to no incremental capital investment required by us. •Pursue Nimble Approach to Capital Allocation.
Legal & Regulatory Risks (Item 1A, quoted)
- Our businesses are subject to extensive environmental laws and regulations that may restrict or adversely affect our ability to conduct our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 06:27 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt