RAYONIER INC · REIT (real estate trust)

RYN

Low riskNext report: Around Nov 4 (est.)

View price ↗

The short version

A high-quality, profitable business with growing sales. Institutions are adding.

Going well

Sales up 234% in the latest quarter vs a year ago
Pays a 13.1% dividend yield
Profitable every year for 10 years

Watch out for

Revenue down 51% from the year before

Money moves

Insiders sold $17K in the last 30 days
Institutions added 7.4% to their holdings in the quarter ending June 2026 (227 bought, 204 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$18.95+1.7% that day

Company value: $5.7B; Share price times all shares
Price vs profit (P/E): 12.1x; You pay about $12 for each $1 of yearly profit
Price vs sales: 8.4x; Company value is 8.4 times a year of sales
Dividend yield: 13.1%; Yearly dividend as a share of today's price
Cash vs value: 12%; Cash as a share of company value
Debt vs value: 18%; Debt as a share of company value

From RYN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Mar '26

$276.8M+234% vs a year earlier

Jun '23Tap a barMar '26

Last 12 months: $678.4M, down 29% from the 12 months before. Over 5 years, sales shrank about 11% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of RYN. Starting points are the company's recent numbers.

Sales growth-10% a yearRecently: -29% a yearProfit margin50%Last 12 months: 68.6%P/E at the end12xToday: 12.1x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$401M

Profit in 5 years$200M

Price these guesses point to$7.24-62% vs $18.95 todayAbout -18% a year, before dividends

What today's price needs: with a 50% margin and a 12x P/E, sales would have to grow about 9.1% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.23.8%
PassDebt under half of equityNot relying on borrowed money.0.47x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.97.9%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$256.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.7% in 3 years

Revenue: $484.5M; -51.0% vs prior year
5-year growth: -10.8%/yr; revenue, per year
Total debt: $1.0B; 0.47x equity
Current ratio: 3.26x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Mar 31, 2026

Reported Aug 5

Revenue: $276.8M; +233.8% YoY
EPS: -$0.05; vs -$0.01
Op. margin: -16.5%; -16.6 pts
Gross margin: 16.8%; -4.9 pts
Free cash flow: $34.6M
Share count: -16.7%; vs a year ago

Insider rating

Last 90 days

49Mixed

1 insider sold $255 (not pre-planned)
Pre-planned sales of $16K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.9
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+7.4%

Institutions added 7.4% to their holdings. 227 bought, 204 sold. 3 quarters of net buying in a row.

Shares held by institutions280.2M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.5%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.4x · $2.1B debt

Shares outstandingLatest reported

301M

Why low risk

Revenue down 51% from the year before
Auditor change

Earnings reports

Last 12

Next reportAround Nov 4 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedMay 6
Results filedFeb 11
Results filedNov 5, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 7 · View filing ↗Big holder Auditor changeMar 18 · View filing ↗Watch

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$17K1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Ryan M. DanielsSVP, Wood Products	Sell	14	$18.22	$255	54K	Oct 2Filing ↗
-0% of their holdings Not a pre-planned sale Filed 4 days after
Ryan M. DanielsSVP, Wood Products	Sell	887	$18.56	$16K	54K	Sep 30Filing ↗
-1.6% of their holdings Pre-planned sale (10b5-1) Filed 1 day after