Rayonier jumped after earnings. Why we still see upside for the timber REIT

AI Summary

Rayonier’s shares rose after earnings, with the timber REIT reporting stronger real estate performance and better-than-expected timber and lumber results. The analysis sees further upside, citing valuation improvement and stock buybacks.

Rayonier is closing its valuation gap through a mix of strong real estate performance, stock buybacks, and better-than-expected timber and lumber performance.