Rayonier Given Average Rating of “Hold” by Analysts (NYSE:RYN)
Shares of Rayonier (NYSE:RYN) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Analyst RN reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.86.
Shares of Rayonier (NYSE:RYN) traded up 0.03% during mid-day trading on Thursday, hitting $34.10. 32,267 shares of the company’s stock traded hands. Rayonier has a one year low of $29.4922 and a one year high of $43.9432. The stock has a 50-day moving average of $34.37 and a 200-day moving average of $34.3. The company has a market cap of $4.311 billion and a price-to-earnings ratio of 22.34.
Rayonier (NYSE:RYN) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.41. The company had revenue of $163.10 million for the quarter, compared to the consensus estimate of $427.50 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that Rayonier will post $0.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Friday, September 12th.
A number of research firms have recently commented on RYN. Analysts at RBC Capital raised their price target on shares of Rayonier from $35.00 to $37.00 in a research note on Monday, August 11th. Separately, 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.
Rayonier Inc (NYSE:RYN) is a real estate investment trust (REIT).
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