Rayonier (RYN)
Manages timberlands, makes lumber, and develops rural real estate across the United States.
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Manages timberlands, produces U.S. lumber, and develops rural real estate through Southern Timber, Northwest Timber, Wood Products, and Real Estate. The REIT's post-merger structure combines legacy Rayonier land resources with PotlatchDeltic lumber manufacturing.
Manages timberlands on a sustainable basis under independently certified forestry standards, alongside U.S. lumber manufacturing, rural real estate, and land-based solutions. Southern Timber and Northwest Timber organize the timberland operations, while Wood Products and Real Estate reflect the combined company's expanded operating structure. The four segments replace the legacy standalone-company presentation.
Following the merger with PotlatchDeltic, the business combines legacy Rayonier timberlands and real estate with PotlatchDeltic lumber manufacturing. Its portfolio is U.S.-focused after the planned disposition of the New Zealand joint-venture interest, and the company continues to operate as a land-resources REIT.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | Truist Financial | Target | Target: $26 | Target: $24 |
| May 19, 2026 | BMO Capital | Reiterate | Rating: —Target: — | Target: $25 |
| Apr 16, 2026 | RBC Capital | Target | Target: $26 | Target: $24 |
| Feb 17, 2026 | RBC Capital | Reiterate | Rating: —Target: $25 | Target: $26 |
| Feb 13, 2026 | Raymond James | Upgrade | Target: — | Target: $28 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $411.8M · Total debt $1.89B · Total assets $7.44B · Shareholders' equity $5.21B
- Revenue
- $396.5M
- Operating income
- $34.6M
- Net income
- $19.1M
HistoryDividendAnnual yield
| Institutions | 184.37% | 285.29M shares | |
|---|---|---|---|
| 467 holders · as of Jun 30, 2026 | |||
| Insiders | 1.94% | 2.99M shares | |
| 24 holders · as of Sep 11, 2026 | |||
| Strategic holders | 4.89% | 7.56M shares | |
| 1 holder · as of Apr 22, 2022 | |||
| Adds to | 191.20% | ||
154.74M company shares as of Sep 17, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
These groups come from separate filings that can overlap, so they add to 191.20%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 18.75% | 29.02M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 15.93% | 24.65M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 14.18% | 21.94M | as of Jun 30, 2026 |
Norges BankInstitution | 11.31% | 17.51M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 10.51% | 16.26M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Mark R. Bridwell | officer: EVP, GC and Secretary | −5,318 | $20.19 |
| Apr 20, 2026 | Wayne Wasechek | officer: EVP and CFO | −2,920 | $21.17 |
| Feb 27, 2026 | Eric J. Cremers | director, officer: Executive Chairman | −169,200 | $21.44 |
| Nov 19, 2025 | Christopher T. Corr | officer: SVP, Real Estate Development | −14,255 | $21.12 |
- Weyerhaeuser
Largest public overlap in timberlands, wood products, and land solutions
- West Fraser Timber
North American lumber and engineered-wood producer with a direct NYSE listing
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rayonier | $20.28 | +1.25% | $3.10B | 41.4 | 34.3 | 3.2 | +272.3% |
| Weyerhaeuser | $21.38 | +1.74% | $15.15B | 31.8 | 50.7 | 2.2 | −0.9% |
| West Fraser Timber | $74.08 | +2.75% | $5.48B | — | 821.7 | 1.1 | −7.9% |
| Median | 31.8 | 436.2 | 1.7 | −4.4% |