Rayonier Inc. REIT Sets New 1-Year Low at $46.25 (RYN)
Rayonier Inc. REIT (NYSE:RYN) set a new 52-week low during trading on Friday, StockRatingsNetwork reports. The stock traded as low as $46.25 and last traded at $47.41, with a volume of 5,624,617 shares. The stock had previously closed at $54.96.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Rayonier Inc. REIT in a research note to investors on Friday. They now have a $52.00 price target on the stock. Separately, analysts at Merrill Lynch downgraded shares of Rayonier Inc. REIT from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at Bank of America Corp. downgraded shares of Rayonier Inc. REIT from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $60.00 price target on the stock, down previously from $63.00. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Rayonier Inc. REIT currently has an average rating of “Hold” and a consensus target price of $56.60.
Rayonier Inc. REIT has a 52 week low of $47.45 and a 52 week high of $60.62. The stock’s 50-day moving average is $56.65 and its 200-day moving average is $57.01. The company has a market cap of $5.921 billion and a P/E ratio of 18.25.
Rayonier Inc. REIT (NYSE:RYN) last released its earnings data on Thursday, October 24th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.52. The company had revenue of $384.80 million for the quarter, compared to the consensus estimate of $915.14 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, December 13th.
Rayonier Inc (NYSE:RYN) is a real estate investment trust (REIT).
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