FKnol.com

Financial Knowledge & Information Portal

Rayonier (RYN) Company Profile

Updated Sep 9, 2019
Rayonier has the following business profile:
Company's Full Name:Rayonier Inc.
Short Name:Rayonier
Trading Ticker Symbol:RYN
Primary Exchange:NYSE
Headquarter City/Country:Florida, FL
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Real Estate Investment Trusts
Main Business Areas: REIT, Consumer Services, Real Estate Investment Trusts, REITs, Basic Materials, Lumber & Wood Production, Natural Resources
Dividend Payments:Dividend History

Market and Trading Information for Rayonier

The following details were available for trading and market data about the stock of Rayonier as of writing:
Current Share Price:$27.22
Previous Year's Closing Price:$27.69
Percentage Price Change (YTD):-1.7%
Market Cap:$3.53 billion
52-week Price Range:$25.83 - $34.81
Dividend Per Share:$1.08
EPS (TTM):0.53
Price-Earnings (Trailing):50.97
Price-Earnings (Forward):45.37

Company Profile and Business Description for Rayonier

Rayonier Inc. (Rayonier), incorporated on December 3, 1993, is a timberland real estate investment trust (REIT) with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography. Its New Zealand Timber segment also reflects land sales that occur within its New Zealand portfolio. Its Real Estate segment reflects the United States land sales. Its Trading segment reflects the log trading activities that support its New Zealand operations. The Company owned, leased or managed approximately 2.7 million acres of timberlands located in the United States South, the United States Pacific Northwest and New Zealand, as of December 31, 2016. In addition, the Company is engaged in the trading of logs from New Zealand and Australia to Pacific Rim markets, primarily to support its New Zealand export operations.

Southern Timber

The Company's Southern timberlands acreage consisted of approximately 1.85 million acres, including approximately 238,000 acres of leased lands, located in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Tennessee and Texas, as of December 31, 2016. Approximately two-thirds of this land supported managed plantations of primarily loblolly and slash pine, as of December 31, 2016. The other one-third of this land was too wet to support pine plantations, but supported productive natural stands, which consisted a range of hardwood species, as of December 31, 2016. In the Southern region, rotation ages ranged from 21 to 28 years for pine plantations and from 35 to 60 years for natural stands, as of December 31, 2016. The Company's consumers for timber include pulp, paper, wood products and biomass facilities.

Pacific Northwest Timber

The Company's Pacific Northwest timberlands consisted of approximately 378,000 acres located in Oregon and Washington, of which approximately 294,000 acres were designated as productive acres, as of December 31, 2016. These timberlands primarily include second and third rotation western hemlock and Douglas-fir, as well as a small amount of other softwood species, such as western red cedar. A small percentage also consists of natural hardwood stands of primarily red alder. In the Pacific Northwest, rotation ages ranged from 35 to 50 years, as of December 31, 2016. The Company's product mix in the Pacific Northwest is weighted to sawtimber, which is sold to domestic wood products facilities, as well as into exports markets primarily serving the Pacific Rim.

New Zealand Timber

The Company's New Zealand timberlands consisted of approximately 433,000 acres, including approximately 254,000 acres of leased lands, of which approximately 299,000 acres, including approximately 164,000 acres of leased lands) were designated as productive or plantation acres, as of December 31, 2016. The Company owns interest in Matariki Forestry Group, a joint venture (New Zealand JV). Rayonier's subsidiary, Rayonier New Zealand Limited (RNZ) serves as the manager of the New Zealand JV forests. The Company's New Zealand timberlands serve a domestic sawmilling market and also export logs to Pacific Rim markets.

Real Estate

The Company's Real Estate segment includes the United States land sales, including higher and better use (HBU) and non-HBU. The Company's Real Estate sales include over five categories: Improved Development, Unimproved Development, Rural, Non-Strategic/Timberlands and Large Dispositions. The Improved Development category consists of properties sold for development for which Rayonier, through a taxable REIT subsidiary, has invested in site improvements, such as infrastructure, roadways, utilities, amenities and/or other improvements. The Unimproved Development category consists of properties sold for development, which Rayonier has not invested in site improvements, such as infrastructure. The Rural category consists of properties sold in rural markets to buyers interested in the property for rural residential or recreational use. The Non-Strategic/Timberland category includes sales of non-core timberlands, sales of core timberlands, and sales of properties to conservation interests that preserve the land for habitat, public recreation, natural growth, buffer zones or other environmental purposes. The Large Dispositions category included sales of timberland that exceed over $20 million in size and do not have any identified HBU premium relative to timberland value, as of December 31, 2016.

Trading

The Company's trading activities are categorized as either managed export services or procured logs. For managed export services, the New Zealand JV does not take title to the log cargo but arranges sales, shipping and export documentation services for other forest owners for an agreed commission. For procured logs, the New Zealand JV buys logs directly from other forest owners at New Zealand ports and exports them in its own name. The Company's trading volume was approximately 1.7 million cubic meters of logs, as of December 31, 2016.

The Company competes with Weyerhaeuser Company, CatchMark Timber Trust, Hancock Timber Resource Group, Resource Management Service, Forest Investment Associates, Campbell Global, Green Diamond Resource Company, Port Blakely Tree Farms, Pope Resources, the State of Washington Department of Natural Resources, the Bureau of Indian Affairs, Hancock Natural Resources Group, Kaingaroa Timberlands and Ernslaw One.

225 Water St Ste 1400

Peer / Competitor Companies of Real Estate Investment Trusts Sector

Along with Rayonier Inc., the following other peer (competitor) companies also exist within the same Real Estate Investment Trusts - Consumer Services sector whose company profile and dividend history is as follows:

▶ Acadia Realty Trust (AKR): Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core and Fund - operating platforms and its disciplined, location-driven....See Detailed Company Profile  and Dividend History.

▶ ACRE Realty Investors (AIII): ACRE Realty Investors Inc., formerly Roberts Realty Investors, Inc., incorporated on July 22, 1994, is a commercial real estate investment and operating company. The Company is focused on commercial real ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNC): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNCB): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNCP): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ Agree Realty (ADC): Agree Realty Corporation (Agree Realty), incorporated on December 15, 1993, is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. ....See Detailed Company Profile  and Dividend History.

▶ Alexander's (ALX): Alexanders, Inc., incorporated on May 16, 1955, is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. The Company is managed ....See Detailed Company Profile  and Dividend History.

▶ Alexandria Real Estate Equities (ARE): Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ....See Detailed Company Profile  and Dividend History.

▶ American Assets Trust (AAT): American Assets Trust, Inc., incorporated on July 16, 2010, is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, ....See Detailed Company Profile  and Dividend History.

▶ American Campus Communities (ACC): American Campus Communities, Inc. (ACC), incorporated on March 9, 2004, is a self-managed and self-administered equity real estate investment trust (REIT). The Company holds interest in American Campus Communities Operating ....See Detailed Company Profile  and Dividend History.

▶ American Farmland (AFCO): American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland ....See Detailed Company Profile  and Dividend History.

▶ American Homes 4 Rent (AMH): American Homes 4 Rent, incorporated on October 19, 2012, is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. ....See Detailed Company Profile  and Dividend History.

▶ American Homes 4 Rent (AMH^A): ....See

▶ American Homes 4 Rent (AMH^B): ....See

▶ American Homes 4 Rent (AMH^C): ....See

▶ American Homes 4 Rent (AMH^D): ....See

▶ American Homes 4 Rent (AMH^E): ....See

▶ American Tower REIT (AMT): American Tower Corporation (ATC), incorporated on September 24, 1996, is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications ....See Detailed Company Profile  and Dividend History.

▶ Annaly Capital Management (NLY): Annaly Capital Management, Inc. (Annaly), incorporated on November 25, 1996, is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Anworth Mortgage Asset (ANH): Anworth Mortgage Asset Corporation, incorporated on October 16, 1997, is a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total returns to its stockholders over ....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Real Estate Investment Trusts Sector.

Stock List of Other Consumer Services Sub-sectors

▶ Stocks of Advertising Sector

▶ Stocks of Amusement and Recreation Sector

▶ Stocks of Automotive Aftermarket Sector

▶ Stocks of Books Sector

▶ Stocks of Broadcasting Sector

▶ Stocks of Building Operators Sector

▶ Stocks of Business Services Sector

▶ Stocks of Catalog and Specialty Distribution Sector

▶ Stocks of Clothing Shoes and Accessory Sector

▶ Stocks of Consumer Electronics - Video Sector

▶ Stocks of Consumer Specialties Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Electronics Distribution Sector

▶ Stocks of Farming Seeds and Milling Sector

▶ Stocks of Food Chains Sector

▶ Stocks of Greeting Cards Sector

▶ Stocks of Home Furnishings Sector

▶ Stocks of Homebuilding Sector

▶ Stocks of Hotels Resorts Sector

▶ Stocks of Marine Transportation Sector

▶ Stocks of Military Government and Technical Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Motor Vehicles Sector

▶ Stocks of Movies Entertainment Sector

▶ Stocks of Newspapers Magazines Sector

▶ Stocks of Office Equipment Supplies and Services Sector

▶ Stocks of Other Consumer Services Sector

▶ Stocks of Other Specialty Stores Sector

▶ Stocks of Paper Sector

▶ Stocks of Professional Services Sector

▶ Stocks of Publishing Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Recreational Products and Toys Sector

▶ Stocks of REITs Sector

▶ Stocks of Rental Leasing Companies Sector

▶ Stocks of Restaurants Sector

▶ Stocks of Retail Building Materials Sector

▶ Stocks of Retail Stores Sector

▶ Stocks of Telecommunications Equipment Sector

▶ Stocks of Television Services Sector

▶ Stocks of Transportation Services Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector