Shares of Rayonier Inc. (NYSE:RYN) have received an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $35.67.
A number of analysts recently issued reports on RYN shares. BMO Capital Markets downgraded Rayonier from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 18th. Zacks Investment Research downgraded Rayonier from a “buy” rating to a “hold” rating in a research report on Monday, July 30th.
Shares of NYSE:RYN traded up $0.55 during midday trading on Friday, reaching $30.83. 591,100 shares of the company’s stock were exchanged, compared to its average volume of 777,102. The company has a current ratio of 2.37, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 8.94 and a beta of 0.16. Rayonier has a fifty-two week low of $28.93 and a fifty-two week high of $39.73.
Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The firm had revenue of $245.90 million during the quarter, compared to the consensus estimate of $193.04 million. Rayonier had a return on equity of 7.47% and a net margin of 19.12%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. As a group, equities research analysts predict that Rayonier will post 0.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 17th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.50%. Rayonier’s dividend payout ratio is currently 166.15%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Putnam Investments LLC acquired a new position in Rayonier in the 2nd quarter valued at about $3,399,000. Federated Investors Inc. PA grew its position in Rayonier by 25.4% in the 2nd quarter. Federated Investors Inc. PA now owns 100,899 shares of the real estate investment trust’s stock valued at $3,904,000 after acquiring an additional 20,443 shares in the last quarter. BlackRock Inc. grew its position in Rayonier by 4.5% in the 2nd quarter. BlackRock Inc. now owns 13,594,331 shares of the real estate investment trust’s stock valued at $525,964,000 after acquiring an additional 580,100 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in Rayonier in the 2nd quarter valued at about $228,000. Finally, Oregon Public Employees Retirement Fund grew its position in Rayonier by 3.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 50,088 shares of the real estate investment trust’s stock valued at $1,938,000 after acquiring an additional 1,753 shares in the last quarter. 86.06% of the stock is owned by institutional investors.
Rayonier Company Profile
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 June 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.
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