Last $27.11 USD
Change Today +0.1744 / 0.65%
Volume 522.3K
RYN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:47 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

rayonier inc (RYN) Snapshot

Open
$26.91
Previous Close
$26.94
Day High
$27.16
Day Low
$26.91
52 Week High
06/6/14 - $35.92
52 Week Low
11/12/14 - $25.90
Market Cap
3.4B
Average Volume 10 Days
2.9M
EPS TTM
$1.34
Shares Outstanding
126.7M
EX-Date
12/15/14
P/E TM
20.3x
Dividend
$1.00
Dividend Yield
8.39%
Current Stock Chart for RAYONIER INC (RYN)

rayonier inc (RYN) Related Businessweek News

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rayonier inc (RYN) Details

Rayonier, Inc. engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. The company operates in four segments: Timber, Real Estate, Performance Fibers, and Wood Products. Timber segment owns, leases, or manages timberlands and sells standing timber at auction to third parties, as well as sells delivered logs. Real Estate segment sells medium and large tracts of land with infrastructure. This segment holds development and rural properties primarily in the southeast United States. Performance Fibers segment manufactures cellulose specialties that are used principally in acetate textile fibers, cigarette filters, rigid packaging, LCD screens, photographic film, impact-resistant plastics, high-tenacity rayon yarn, pharmaceuticals, cosmetics, detergents, food casings, and food products; and absorbent materials that are used in disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes, and nonwoven fabrics. Wood Products segment primarily manufactures and sells dimension lumber used for residential and industrial construction applications. In addition, Rayonier involves in trading and exporting logs, lumber, and wood panel products. As of December 31, 2005, it owned, leased, or managed approximately 2.5 million acres of timberland and real estate. The company has a joint venture with RREEF Infrastructure to own and manage timber lands in New Zealand. Rayonier has elected to be treated as a real estate investment trust (REIT) for federal income tax purposes and would not be subject to federal income tax on its REIT income that it distributes to its shareholders. The company, formerly known as Rainier Pulp & Paper Company, was founded in 1926. Rayonier is headquartered in Jacksonville, Florida.

1,600 Employees
Last Reported Date: 11/10/14
Founded in 1926

rayonier inc (RYN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

rayonier inc (RYN) Key Developments

Kahn Swick & Foti, LLC and KSF Partner File Class Action Lawsuit Against Rayonier Inc

Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 12, 2015 to file lead plaintiff applications in a securities class action lawsuit against Rayonier Inc. if they purchased the company's securities between January 27, 2014 and November 10, 2014, inclusive. This action is pending in the United States District Court for the Southern District of New York. On November 10, 2014, Rayonier restated its interim consolidated financial statements for the quarters ended March 31, 2014 and June 30, 2014 following an internal review which had determined that the company incorrectly counted as merchantable inventory for 2014 timber which was located in restricted, environmentally sensitive or economically inaccessible areas. The company stated that it had understated its depletion expense in cost of goods sold, which resulted in a corresponding overstatement of income from continuing operations of $1.9 million and $2.0 million, respectively. Rayonier's internal review also found a material weakness in the company's internal controls related to merchantable timber inventory.

Pomerantz LLP Files Class Action Lawsuit against Rayonier and Certain of its Officers

Pomerantz LLP has filed a class action lawsuit against Rayonier Inc. and certain of its officers. The class action, filed in United States District Court, Middle District of Florida, and docketed under 14-cv-1395, is on behalf of a class consisting of all persons or entities who purchased Rayonier securities between February 28, 2014 and November 7, 2014, inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Rosen Law Firm Files Securities Fraud Class Action Against Rayonier, Inc

The Rosen Law Firm announced that it has filed a class action on behalf of purchasers of Rayonier Inc. common stock between April 30, 2014 and November 10, 2014. The lawsuit seeks to recover damages for Rayonier investors under the federal securities laws. According to the lawsuit, Rayonier issued materially false and misleading financial information to investors. On November 10, 2014, Rayonier restated its interim consolidated financial statements for the quarters ended March 31, 2014 and June 30, 2014 following an internal review of its operations. The restatement resulted from Rayonier's understatement of depletion in the cost of goods sold. As part of its internal review, the company also determined that its internal controls were not effective as of the end of 2013. On this news, Rayonier's share price fell sharply, damaging investors.

 

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RYN:US $27.11 USD +0.1744

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Industry Analysis

RYN

Industry Average

Valuation RYN Industry Range
Price/Earnings 11.5x
Price/Sales 2.0x
Price/Book 2.2x
Price/Cash Flow 20.1x
TEV/Sales 1.4x
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