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Rayonier Inc. (RYN)

- NYSE
  • Wed, Aug. 5, 5:02 PM
    • Rayonier (NYSE:RYN): Q2 EPS of $0.00 misses by $0.02.
    • Revenue of $115.8M (-29.0% Y/Y) misses by $7.62M.
    • Press Release
    | Wed, Aug. 5, 5:02 PM | 1 Comment
  • Mon, Jul. 20, 8:33 AM
    • Rayonier (NYSE:RYN) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 3.92%
    • Payable Sept. 30; for shareholders of record Sept. 16; ex-div Sept. 14.
    | Mon, Jul. 20, 8:33 AM | Comment!
  • Tue, Jun. 30, 9:49 AM
    • The addition comes from two separate purchases. The Louisiana property known as the King parcel  contains about 12.2K acres and brings Rayonier's (NYSE:RYN) Louisiana holdings up to roughly 150K acres. It was purchased for $25.5M, contains merchantable inventory of 560K tons, is comprised of about 86% plantable lands, and is expected to improve the company's sustainable yield by about 45K tons per year.
    • The Oregon property known as the Scappoose parcel has about 5.6K acres. It bring's the company's total Northwest ownership to 374K acres. This parcel was purchased for $34M. It contains merchantable inventory of 102K tons, of which an estimated 95% is high-value Douglas-fir. It's expected to improve the company's sustainable yield by about 35K tons per year.
    • Source: Press Release
    | Tue, Jun. 30, 9:49 AM | Comment!
  • Tue, Jun. 16, 8:38 AM
    • At the current price of $24.92, $100M in share repurchases would be good for about 3.2% of RYN's float.
    • Source: Press Release
    | Tue, Jun. 16, 8:38 AM | Comment!
  • Mon, May 18, 9:36 AM
    • Rayonier (NYSE:RYN) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 3.84%
    • Payable June 30; for shareholders of record June 16; ex-div June 12.
    | Mon, May 18, 9:36 AM | Comment!
  • Wed, May 6, 4:21 PM
    • Rayonier (NYSE:RYN): Q1 EPS of $0.08 in-line.
    • Revenue of $140.3M (-2.0% Y/Y) beats by $4.31M.
    • Press Release
    | Wed, May 6, 4:21 PM | Comment!
  • Mon, Mar. 2, 10:26 AM
    • Rayonier (NYSE:RYN) declares $0.25/share quarterly dividend, in line with previous.
    • Forward yield 3.65%
    • Payable March 31; for shareholders of record March 17; ex-div March 13.
    | Mon, Mar. 2, 10:26 AM | Comment!
  • Thu, Feb. 12, 8:51 AM
    • Rayonier (NYSE:RYN): Q4 EPS of $0.09 in-line.
    • Revenue of $147.4M (-38.2% Y/Y) beats by $7.66M.
    • Press Release
    | Thu, Feb. 12, 8:51 AM | Comment!
  • Wed, Feb. 11, 5:30 PM
  • Dec. 17, 2014, 10:35 AM
    • David Nunes purchased $1M worth of company stock yesterday, picking up 40K shares of RYN at $26.33 each - bringing his stake in the company up to 125K shares.
    | Dec. 17, 2014, 10:35 AM | 2 Comments
  • Dec. 10, 2014, 8:18 AM
    | Dec. 10, 2014, 8:18 AM | Comment!
  • Nov. 20, 2014, 1:41 PM
    • This is what DA Davidson had to say about Rayonier (RYN +1.3%) the day after the company had to restate results and said it had been harvesting above sustainable levels for years: "Confidence in story (not management) shaken... the near term optics look bad, and we think it’s perhaps premature to get positive on the stock despite today’s 15% decline."
    • Given a few days to think it over, the team now spots value in the stock (after its 20% decline) and upgrades to Buy from Neutral.
    • Rayonier this afternoon released a new investor presentation. Next year's sales are expected in the area of $575M vs. $590M-$600M in 2014, with adjusted EBITDA of $200M-$220M vs. $238M-$242M this year.
    | Nov. 20, 2014, 1:41 PM | 2 Comments
  • Nov. 11, 2014, 8:21 AM
    • In a highly-critical note titled "Rayonier Cuts Everything - Dividend, Inventory, and Harvest Projections. So Are We." D.A. Davidson drops its 12-18 month price target on Rayonier (NYSE:RYN) by 10% to $31.50. Key points:
    • "Rayonier reported its first full quarter as a pure play Timber REIT, and its lowered the boom on everything. The quarter itself wasn’t so bad, but the message was; as the company has been harvesting above sustainable levels for the past decade, inventories were overstated and depletion was understated in recent quarters, compromising the quality of earnings thus far this year."
    • "New management has clearcut the credibility of the old regime. We can’t recall a situation in covering the Timber REITs where the credibility of the old guard has been called into question so blatantly."
    • "Confidence in story (not management) shaken... the near term optics look bad, and we think it’s perhaps premature to get positive on the stock despite today’s 15% decline."
    • Previously: Raynoier restates results, makes strategic changes
    • Previously: Rayonier Advanced Materials hit by Rayonier restatement
    | Nov. 11, 2014, 8:21 AM | 7 Comments
  • Nov. 10, 2014, 12:59 PM
    | Nov. 10, 2014, 12:59 PM | 1 Comment
  • Nov. 10, 2014, 12:58 PM
    • Down alongside Rayonier (RYN -15.3%) - which earlier was restated results lower from this year's first half and cut the dividend as it plans to lower harvests and stop selling nonstrategic land to raise cash - is recently spun off Rayonier Advanced Materials (RYAM -6.9%).
    • The management team which looks to have botched the first half doings at Rayonier is now running Rayonier Advanced Materials.
    • Previously: Raynoier restates results, makes strategic changes
    | Nov. 10, 2014, 12:58 PM | 3 Comments
  • Nov. 10, 2014, 8:37 AM
    • An internal review following the spinoff of the Performance Fibers business found understatements in the depletion of cost of good sold in quarter's two and three this year caused on overstatement of income from continuing operations of $1.9M and $2M, respectively. Errors in calculating depletion expense in 2012 and 2013 were deemed immaterial. Pro forma income in Q3 was $36M
    • Strategic changes: The company has been harvesting timber in the Pacific Northwest at too fast a pace and going forward will manage timberlands on a sustainable basis. The company estimates the annual sustainable yield is about 1.3M tons vs. the average annual harvest of 1.8M tons over the past decade. The harvest is expected to fall to 1M tons by 2017 and be maintained there for 5-10 years.
    • The company plans to significantly reduce sales of non-strategic timberlands, which, in the past, have been used to augment income and cash flow. The quarterly dividend is cut by a nickel to $0.25 per share.
    • The conference call is just getting underway and can be heard live and in replay on Seeking Alpha.
    • Previously: Rayonier beats by $0.08, misses on revenue
    • RYN -0.1% premarket
    | Nov. 10, 2014, 8:37 AM | Comment!
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Company Description
Rayonier Inc is an international forest products company. It is engaged in activities associated with timberland management, sale and entitlement of real estate, and production and sale of high value specialty cellulose fibers.
Sector: Financial
Country: United States