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Rayonier Inc. REIT (NYSE:RYN)’s share price hit a new 52-week low on Wednesday , AmericanBankingNews.com reports. The company traded as low as $34.62 and last traded at $34.73, with a volume of 1,069,355 shares. The stock had previously closed at $34.98.

A number of analysts have recently weighed in on RYN shares. Analysts at DA Davidson downgraded shares of Rayonier Inc. REIT from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $2.30 price target on the stock. They noted that the move was a valuation call. Separately, analysts at RBC Capital downgraded shares of Rayonier Inc. REIT from an “outperform” rating to a “sector perform” rating in a research note on Monday. They now have a $37.00 price target on the stock, down previously from $52.00. They noted that the move was a valuation call. Finally, analysts at RBC Capital downgraded shares of Rayonier Inc. REIT from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.98.

The stock has a 50-day moving average of $35.23 and a 200-day moving average of $33.69. The company has a market cap of $4.420 billion and a P/E ratio of 16.87.

Rayonier Inc. REIT (NYSE:RYN) last released its earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.10. The company had revenue of $386.70 million for the quarter, compared to the consensus estimate of $400.50 million. During the same quarter last year, the company posted $0.79 earnings per share. Rayonier Inc. REIT’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Rayonier Inc. REIT will post $1.07 earnings per share for the current fiscal year.

Rayonier Inc (NYSE:RYN) is a real estate investment trust (REIT).

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