Added to YB: 2025-04-15
Pitch date: 2025-04-12
RYN [bullish]
Rayonier Inc.
-9.82%
current return
Author Info
Waterboy Stocks is a value investor sharing stock pitches on their blog. Sign up for the newsletter.
Company Info
Rayonier is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.
Market Cap
$3.5B
Pitch Price
$22.34
Price Target
33.77 (+68%)
Dividend
11.59%
EV/EBITDA
18.62
P/E
48.84
EV/Sales
7.69
Sector
Specialized REITs
Category
value
Rayonier Inc. - $RYN
RYN: Timberland REIT at 27.8% discount to NAV. $300M buyback (7.9% mkt cap). Sold NZ JV for $710M. $1.45B dispositions. US South (1.75M acres) & Pacific NW (308K acres). Growing via solar, CCS, real estate dev. Rural HBU sales +62% since 2015. 39K acres for solar, 154K for CCS. Long-term value in Wildlight & Heartwood projects.
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