Rayonier Agrees To $710 Million New Zealand JV Sale, Aims To Strengthen US Operations And Reduce Debt
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2025
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Source: Benzinga
Rayonier Inc. Stake Sale: Rayonier Inc. is selling its 77% stake in a New Zealand joint venture for $710 million, which will help reduce leverage and return capital to shareholders through dividends or share repurchases.
Strategic Focus Shift: The sale allows Rayonier to concentrate on U.S. operations, reducing exposure to log export markets and streamlining its portfolio, while also projecting a special dividend of $1.00 to $1.40 per share for 2025.
Analyst Views on WOOD
Wall Street analysts forecast WOOD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WOOD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 76.769
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Current: 76.769
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
