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Rayonier (NYSE:RYN) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the stock, Analyst Ratings.Net reports. Three research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.98.

Several analysts have recently commented on the stock. Analysts at DA Davidson downgraded shares of Rayonier from a “buy” rating to a “neutral” rating in a research note on Monday, June 30th. 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 from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 30th. 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 from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 23rd.

Rayonier (NYSE:RYN) opened at 35.24 on Friday. Rayonier has a 1-year low of $29.4922 and a 1-year high of $44.7125. The stock has a 50-day moving average of $35.5 and a 200-day moving average of $33.99. The company has a market cap of $4.452 billion and a price-to-earnings ratio of 16.93. Rayonier also saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 3,400,359 shares, an increase of 50.8% from the June 13th total of 2,255,298 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,329,327 shares, the short-interest ratio is currently 2.6 days.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Rayonier will post $1.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.41%.

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

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