Rayonier Inc. (RYN) Closes PotlatchDeltic Merger, Expands Timberland Footprint

Company Overview - Rayonier Inc. (NYSE:RYN) has completed its merger with PotlatchDeltic, resulting in a larger timberland REIT with enhanced scale and diversification [1] - The combined entity will initially retain the Rayonier name and trade under the ticker "RYN," with a new name and ticker expected in Q1 2026 [1] Market Position and Strategy - The merger significantly expands Rayonier's timberland footprint in key softwood regions in the U.S. and New Zealand, strengthening its competitive positioning and long-term asset base [1] - The company is well-positioned to benefit from improving pricing dynamics in the packaging and construction markets due to added scale and operational synergies from the merger [4] Financial Insights - Truist has lowered its price target for Rayonier to $26 from $28 while maintaining a Hold rating, citing challenges in packaging volumes in early 2026 [3] - Despite the challenges, Rayonier generates cash flow from both timber and real estate operations, providing investors with exposure to hard assets that have inflation-hedging characteristics [3] Investment Potential - Rayonier appears attractive for investors seeking durable asset-backed growth and income potential, supported by long-term demand drivers in its markets [4]