Added to YB: 2024-03-20
Pitch date: 2023-12-31
RYN [bullish]
Rayonier Inc.
-22.42%
current return
Author Info
No bio for this author
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.
Market Cap
$3.4B
Pitch Price
$26.80
Price Target
N/A
Dividend
11.80%
EV/EBITDA
18.31
P/E
47.95
EV/Sales
7.56
Sector
Specialized REITs
Category
special_situation
Show full summary:
Third Avenue Real Estate Value Fund Portfolio Holding - Rayonier Inc.
RYN sold 55k acres of OR timberland at $4.4k/acre, 2x implied portfolio value. Plans to sell $750M more in 18mo to cut debt & return capital. Lennar marketing 38-property multifamily portfolio with 11.4k units, could net $1B+ to be returned via buybacks.
Read full article (1 min)