Rayonier (NYSE:RYN)’s share price reached a new 52-week high and low on Thursday . The company traded as low as $37.38 and last traded at $37.22, with a volume of 353855 shares traded. The stock had previously closed at $37.12.
A number of equities analysts have recently weighed in on RYN shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $30.00 price target on shares of Rayonier in a research note on Friday, January 12th. Zacks Investment Research downgraded shares of Rayonier from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. ValuEngine raised shares of Rayonier from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Citigroup started coverage on shares of Rayonier in a research note on Thursday, March 1st. They issued a “neutral” rating and a $37.00 price target on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Rayonier currently has a consensus rating of “Hold” and an average target price of $34.25.
The company has a current ratio of 2.68, a quick ratio of 2.33 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $4,727.06, a P/E ratio of 57.23, a price-to-earnings-growth ratio of 11.22 and a beta of 0.28.
Rayonier (NYSE:RYN) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The firm had revenue of $186.30 million for 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 business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. equities research analysts anticipate 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. Shareholders of record on Friday, March 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.69%. The ex-dividend date was Thursday, March 15th. Rayonier’s payout ratio is 153.85%.
A number of institutional investors have recently bought and sold shares of RYN. Public Employees Retirement System of Ohio increased its position in Rayonier by 59.0% during the third quarter. Public Employees Retirement System of Ohio now owns 166,332 shares of the real estate investment trust’s stock worth $4,805,000 after buying an additional 61,739 shares during the last quarter. Confluence Investment Management LLC increased its position in Rayonier by 2.7% during the fourth quarter. Confluence Investment Management LLC now owns 3,029,777 shares of the real estate investment trust’s stock worth $95,832,000 after buying an additional 80,466 shares during the last quarter. CrestPoint Capital Management LLC acquired a new position in Rayonier during the fourth quarter worth $851,000. Marathon Asset Management LLP increased its position in Rayonier by 2.7% during the fourth quarter. Marathon Asset Management LLP now owns 1,550,352 shares of the real estate investment trust’s stock worth $49,038,000 after buying an additional 40,257 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Rayonier by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 898,700 shares of the real estate investment trust’s stock worth $28,426,000 after buying an additional 33,481 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.
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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