Headlines about Rayonier (NYSE:RYN) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rayonier earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5186538637274 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Rayonier (NYSE:RYN) traded up $0.35 during mid-day trading on Thursday, reaching $31.21. The company’s stock had a trading volume of 291,170 shares, compared to its average volume of 539,190. The company has a quick ratio of 1.45, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company has a market cap of $4,000.00, a P/E ratio of 62.71, a price-to-earnings-growth ratio of 11.43 and a beta of 0.44. Rayonier has a 1-year low of $26.15 and a 1-year high of $31.79.
Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $177.90 million during the quarter, compared to the consensus estimate of $144.06 million. Rayonier had a return on equity of 3.89% and a net margin of 17.06%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. equities analysts predict that Rayonier will post 0.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.20%. Rayonier’s dividend payout ratio is currently 94.34%.
Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $29.00 target price on shares of Rayonier in a report on Wednesday, November 15th. Zacks Investment Research raised shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Monday, November 6th. BMO Capital Markets reissued a “hold” rating and issued a $31.00 target price on shares of Rayonier in a report on Thursday, November 2nd. Finally, BidaskClub raised shares of Rayonier from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $31.25.
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Rayonier Company Profile
Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.
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