News · Rayonier Inc. REIT (RYN) · Real Estate

Rayonier falls after modest session as company schedules Q3 results

Session of October 14, 2026 · Published October 15, 2026 · 4 min read

What happened

Rayonier (RYN) fell 1.2% to $18.65 on October 14, 2026, after the company said it would release third-quarter results on November 4, 2026. Trading volume was 0.9 times its 20-day average, and Business Wire reported the scheduling of a conference call and live webcast at 10:00 a.m. ET on Thursday, November 5, with supplemental materials and a replay available on the company's website. Over the last five sessions the stock rose 3.7% while the S&P 500 fell 1.1% in the same period, giving the stock a slight short-term edge against a weakening market.

Closing price over the last 30 trading sessions. On October 14, 2026, RYN closed at $18.65, down 1.2% on the day and 7.8% lower than 30 sessions earlier.

How big was the move

The stock’s change on the day was 0.8 times a typical daily move for this stock, classifying it as an ordinary session. Rayonier opened 0.3% below the previous close, indicating little shift in investor positioning before the bell. Trading activity at 0.9 times its 20-day average pointed to modest investor engagement rather than a rush to buy or sell. The Real Estate sector median fell 1.2% on the day; the stock’s performance was 0.1 percentage points worse than the sector median, while the S&P 500 fell 1.1%.

Each bar is one day's price change; the outlined bar is October 14, 2026. A typical daily move over the past year was 1.7%, so the latest move equals 0.7 times that. Moves outside the dashed lines (about 3.3%) are unusual.

The stock’s market sensitivity is a beta of 0.37, which means the stock tends to move less than the market. That low beta helps explain why a one-point decline in the S&P 500 translated into a relatively modest move in Rayonier on October 14. In the short run, investors may have been reacting more to the calendar of upcoming events than to immediate shifts in fundamentals.

The technical picture

Technically, the stock is trading below several moving averages: 1.4% below its 20-day moving average, 7.3% below its 50-day moving average and 11.9% below its 200-day moving average. The 50-day average is below the 200-day average, a sign of a weak longer-term trend. The 14-day Relative Strength Index is 40, inside a neutral range between 30 and 70. Those indicators together suggest the stock is in a corrective phase rather than an oversold rebound.

Closing price over the past year. RYN ends the period 25.1% below its 52-week high, below its 50-day average ($20.13) and below its 200-day average ($21.16).

Rayonier is 28.2% below the 52-week high and has fallen 8.7% over one month, 15.8% over three months and 28.0% over one year. One year versus the S&P 500, the stock is 44.0 percentage points behind the S&P 500. Volatility is 24% annualized over 60 days, lower than 64% of its own readings over five years, implying recent price swings have been subdued relative to the stock’s past.

Fundamentals and valuation

For the four quarters through June 30, 2026, Rayonier recorded revenue of $968.3 million, a decline of 12.8% from a year earlier, with revenue growth one quarter earlier showing a decline of 38.5%. Diluted earnings per share were $0.48, and earnings per share growth from a year earlier fell 90.2%. Gross margin narrowed to 17.9% from 37.0% a year earlier, and operating margin fell to 5.9% from 35.1% a year earlier, reflecting material compression in profitability.

Quarterly revenue by period end. The latest quarter brought $396M, 272.2% more than the same quarter a year earlier.

Free-cash-flow margin stood at 27.3% and return on invested capital was 0.8%. The balance sheet shows net debt of 4.5 times EBITDA and the share count over one year increased by 2.8%, highlighting leverage and modest dilution as items for investors to watch. Market value stood at $2.94 billion.

Valuation measures show a price to trailing earnings of 38.6 times trailing earnings and price to forward earnings of 43.5 times expected earnings. The price to trailing earnings is higher than 67% of its own readings over the past five years (five-year median: 32.5 times earnings). Free-cash-flow yield is 9.0%. Those metrics point to a relatively rich valuation against the company’s recent earnings profile and compressed margins.

Earnings and analyst expectations

Rayonier last reported on August 5, 2026, with earnings per share of $0.10 against $0.10 expected, 0.7% above estimates. The company has five consecutive quarters beating estimates and the average surprise over the last four reports was 30.8% above estimates. The typical two-day reaction after recent reports was that the stock rose 0.3%.

Diluted earnings per share by quarter. The latest quarter shows $0.12, against $2.63 in the same quarter a year earlier.

Analysts’ consensus price target is $25.75, 38.1% above the closing price, based on ratings from 27 analysts. Thirty-three percent of those analysts rate the stock Buy and the consensus rating is Hold. PromtFinance scores within the sector show Value 65 (Positive), Growth 31 (Weak), Quality 37 (Weak), Momentum 26 (Very weak), Revisions 84 (Strong) and Stability 57 (Neutral), a mixed profile that underscores why analysts differ on the stock’s near-term prospects.

What to watch

November 4, 2026: release of third quarter 2026 results after market close.
November 5, 2026, at 10:00 a.m. ET: conference call and live webcast to discuss third quarter 2026 results; supplemental materials and a replay will be available on the company's website (Business Wire).
Next report metric to monitor: any change to diluted earnings per share relative to the four quarters through June 30, 2026, figure of $0.48.
Balance sheet leverage: net debt of 4.5 times EBITDA and any guidance or changes disclosed in the November 4 release.
Valuation context: price to trailing earnings of 38.6 times trailing earnings and price to forward earnings of 43.5 times expected earnings.

Full RYN analysis: scores, chart and financials →