Rayonier Inc. (NYSE:RYN) will be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Rayonier to post earnings of $0.05 per share for the quarter.

Rayonier (NYSE:RYN) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. Rayonier had a net margin of 19.10% and a return on equity of 5.03%. The firm had revenue of $194.70 million during the quarter, compared to analyst estimates of $151.50 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 47.4% compared to the same quarter last year. On average, analysts expect Rayonier to post $0.43 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.

Shares of Rayonier Inc. (NYSE RYN) opened at 29.29 on Wednesday. The firm’s 50-day moving average is $29.01 and its 200 day moving average is $28.65. Rayonier Inc. has a 1-year low of $25.71 and a 1-year high of $30.18. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 24.68 and a beta of 0.34.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 3.41%. Rayonier’s dividend payout ratio (DPR) is currently 84.75%.

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Several research analysts recently commented on RYN shares. Zacks Investment Research raised Rayonier from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Monday, August 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $29.00 target price on shares of Rayonier in a research report on Sunday, October 8th. BMO Capital Markets reaffirmed a “hold” rating and issued a $31.00 target price on shares of Rayonier in a research report on Friday, September 29th. Finally, BidaskClub raised Rayonier from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Rayonier has a consensus rating of “Hold” and an average target price of $30.25.

Rayonier Company Profile

Rayonier Inc is a timberland real estate investment trust with assets located in some of the timber growing regions in the United States and New Zealand. The Company operates through five segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. The Southern Timber, Pacific Northwest Timber and New Zealand Timber segments reflect all activities related to the harvesting of timber and other activities, such as recreational leases, within each respective geography.

Earnings History for Rayonier (NYSE:RYN)

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