Rayonier Inc. (NYSE:RYN – Get Free Report) has earned an average recommendation of “Hold” from the two ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $32.50.
A number of equities research analysts recently commented on RYN shares. Truist Financial decreased their target price on Rayonier from $34.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Rayonier in a report on Friday, June 14th. Finally, StockNews.com upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th.
Read Our Latest Stock Analysis on RYN
Hedge Funds Weigh In On Rayonier
Rayonier Trading Down 0.8 %
NYSE RYN opened at $30.25 on Wednesday. Rayonier has a 12-month low of $24.84 and a 12-month high of $35.29. The company has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $30.83. The company has a current ratio of 1.98, a quick ratio of 1.78 and a debt-to-equity ratio of 0.75. The stock has a market cap of $4.50 billion, a P/E ratio of 27.01 and a beta of 1.05.
Rayonier (NYSE:RYN – Get Free Report) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). The firm had revenue of $173.60 million during the quarter, compared to analysts’ expectations of $218.86 million. Rayonier had a return on equity of 3.00% and a net margin of 14.78%. The business’s revenue was down 16.9% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. On average, analysts forecast that Rayonier will post 0.41 earnings per share for the current year.
Rayonier Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Monday, September 16th. Rayonier’s dividend payout ratio is currently 101.79%.
About Rayonier
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, 2023, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S.
Featured Articles
- Five stocks we like better than Rayonier
- The 3 Best Fintech Stocks to Buy Now
- Study: How Much Are Retirees Earning from Side Hustles in 2024?
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Brinker International Offers a Pullback Opportunity on EPS Miss
- 3 Best Fintech Stocks for a Portfolio Boost
- Globant Is an Emerging AI Play That’s Expanding Its Footprint
Receive News & Ratings for Rayonier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier and related companies with MarketBeat.com's FREE daily email newsletter.