Shares of Rayonier (NYSE:RYN) have earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.67.
Several brokerages have recently weighed in on RYN. Zacks Investment Research downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. ValuEngine raised shares of Rayonier from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Citigroup assumed coverage on shares of Rayonier in a report on Thursday, March 1st. They issued a “neutral” rating and a $37.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 target price on shares of Rayonier in a report on Friday, January 12th.
Shares of NYSE:RYN traded up $0.50 during trading on Friday, hitting $37.12. 887,684 shares of the company were exchanged, compared to its average volume of 772,283. The company has a market capitalization of $4,750.30, a PE ratio of 56.34, a P/E/G ratio of 11.28 and a beta of 0.28. The company has a current ratio of 2.68, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. Rayonier has a 12-month low of $26.84 and a 12-month high of $37.36.
Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.11. The business had revenue of $186.30 million during the quarter, compared to the consensus estimate of $165.73 million. Rayonier had a net margin of 18.64% and a return on equity of 4.96%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. equities research analysts predict that Rayonier will post 0.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.69%. Rayonier’s payout ratio is 153.85%.
Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of Rayonier by 16.2% in the 4th quarter. LPL Financial LLC now owns 10,829 shares of the real estate investment trust’s stock valued at $343,000 after acquiring an additional 1,508 shares during the period. Raymond James & Associates increased its stake in Rayonier by 4.3% in the 4th quarter. Raymond James & Associates now owns 40,710 shares of the real estate investment trust’s stock valued at $1,288,000 after buying an additional 1,670 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Rayonier by 46.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,229 shares during the period. Janney Montgomery Scott LLC increased its stake in Rayonier by 10.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,078 shares of the real estate investment trust’s stock valued at $667,000 after buying an additional 2,243 shares during the period. Finally, Bollard Group LLC increased its stake in Rayonier by 2.8% in the 4th quarter. Bollard Group LLC now owns 90,612 shares of the real estate investment trust’s stock valued at $2,866,000 after buying an additional 2,471 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.
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Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2017, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.
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