Rayonier Receives Average Rating of “Hold” from Analysts (NYSE:RYN)
Rayonier (NYSE:RYN) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Stock Ratings News reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.86.
Rayonier (NYSE:RYN) opened at 34.27 on Thursday. Rayonier has a 52 week low of $29.4922 and a 52 week high of $43.9432. The stock has a 50-day moving average of $34.30 and a 200-day moving average of $34.40. The company has a market cap of $4.333 billion and a price-to-earnings ratio of 22.35.
Rayonier (NYSE:RYN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.54 earnings per share. Rayonier’s revenue was up 13.9% compared to the same quarter last year. On average, analysts predict that Rayonier will post $0.75 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 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Friday, September 12th.
Several analysts have recently commented on the stock. 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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