Media coverage about Rayonier (NYSE:RYN) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rayonier earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.4957837832493 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
RYN has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “hold” rating and issued a $31.00 price target on shares of Rayonier in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Rayonier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $29.00 target price on shares of Rayonier in a research report on Sunday, October 8th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Rayonier currently has a consensus rating of “Buy” and an average target price of $31.25.
Shares of Rayonier (NYSE RYN) opened at $32.10 on Friday. 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 stock has a market cap of $4,080.00, a price-to-earnings ratio of 30.28, a PEG ratio of 11.76 and a beta of 0.44. Rayonier has a one year low of $26.84 and a one year high of $32.31.
Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.14. The company had revenue of $177.90 million for the quarter, compared to the consensus estimate of $144.06 million. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. research analysts expect that Rayonier will post 0.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.12%. The ex-dividend date was Thursday, December 14th. Rayonier’s dividend payout ratio (DPR) is presently 94.34%.
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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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