RYN Stock Summary and Trading Ideas (Rayonier REIT | NYSE:RYN)

Rayonier owns and manages over 2 million acres of timberland in the United States. It is one the largest private landowners in North America. The firm also owns timberland in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.

Rayonier REIT trades on the NYSE stock market under the symbol RYN.

As of April 25, 2024, RYN stock price declined to $29.82 with 33,607 million shares trading.

RYN has a beta of 1.77, meaning it tends to be more sensitive to market movements. RYN has a correlation of 0.51 to the broad based SPY ETF.

RYN has a market cap of $4.43 billion. This is considered a Mid Cap stock.

Last quarter Rayonier REIT reported $467 million in Revenue and $.17 earnings per share. This beat revenue expectation by $238 million and exceeded earnings estimates by $.02.

In the last 3 years, RYN stock traded as high as $45.87 and as low as $24.84.

The top ETF exchange traded funds that RYN belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

RYN has underperformed the market in the last year with a price return of -2.1% while the SPY ETF gained +22.3%. RYN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.7% and -4.9%, respectively, while the SPY returned +2.9% and -3.1%, respectively.

RYN support price is $29.88 and resistance is $30.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RYN stock will trade within this expected range on the day.