Is Rayonier Inc. (RYN) the Best Lumber Stock to Buy According to Hedge Funds? [Yahoo! Finance]
Rayonier Inc. REIT (RYN)
Last rayonier inc. reit earnings: 4/29 04:11 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=91500&p=irol-irhome
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Source: Yahoo! Finance
The lumber market has faced considerable volatility in recent years, driven by a confluence of dynamic and interconnected factors. In 2021, lumber prices surged to unprecedented levels due to the COVID-19 pandemic disrupting supply chains, a surge in home construction boosting demand, and logistical challenges further straining the market. However, this peak was followed by a dramatic price correction as these extraordinary conditions began to stabilize. Currently, lumber prices have plummeted 75% from their May 2021 record high of $1,514 per thousand board feet to just $366, closely matching pre-pandemic levels. The futures market has mirrored this decline, with contract prices for July falling 28% to $466. The following chart by U.S. Bureau of Labor Statistics clearly depicts the change in lumber prices over a five year horizon. The sharp drop in lumber prices reflects a slowdown in both new home construction and renovations, largely due to high home prices and elevated mortgage
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RYN
News
- Rayonier Announces Fourth Quarter 2024 DividendBusiness Wire
- Rayonier Scheduled to Release Third Quarter Earnings on November 6Business Wire
- Rayonier Inc. (NYSE: RYN) had its price target raised by analysts at Truist Financial Co. from $31.00 to $32.00. They now have a "hold" rating on the stock.MarketBeat
- If You Invested $1,000 In Rayonier Stock 20 Years Ago, How Much Would You Have Now? [Yahoo! Finance]Yahoo! Finance
- Rayonier (RYN) Up 4.4% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
RYN
Earnings
- 8/7/24 - Miss
RYN
Sec Filings
- 9/13/24 - Form 4
- 9/12/24 - Form 144
- 9/11/24 - Form 144
- RYN's page on the SEC website