Rayonier (NYSE:RYN)‘s stock had its “hold” rating reissued by investment analysts at Royal Bank of Canada in a report released on Friday. They presently have a $30.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would suggest a potential downside of 7.52% from the stock’s previous close.

A number of other research firms have also recently weighed in on RYN. BMO Capital Markets restated a “hold” rating and issued a $31.00 price target on shares of Rayonier in a research note on Friday, September 29th. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Monday, November 6th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.50.

Shares of Rayonier (RYN) traded up $0.34 during trading on Friday, hitting $32.44. The stock had a trading volume of 455,945 shares, compared to its average volume of 533,978. Rayonier has a one year low of $26.84 and a one year high of $32.47. The company has a market cap of $4,080.00, a PE ratio of 30.60, a P/E/G ratio of 11.76 and a beta of 0.44. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. Rayonier had a return on equity of 3.89% and a net margin of 17.06%. The company had revenue of $177.90 million for the quarter, compared to analysts’ expectations of $144.06 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. analysts forecast that Rayonier will post 0.54 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of RYN. Schwab Charles Investment Management Inc. raised its stake in Rayonier by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 802,491 shares of the real estate investment trust’s stock valued at $23,088,000 after acquiring an additional 51,080 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rayonier by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,772 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 351 shares during the period. Principal Financial Group Inc. raised its stake in Rayonier by 8.7% in the 2nd quarter. Principal Financial Group Inc. now owns 546,619 shares of the real estate investment trust’s stock valued at $15,726,000 after acquiring an additional 43,842 shares during the period. Swiss National Bank raised its stake in Rayonier by 1.4% in the 2nd quarter. Swiss National Bank now owns 205,900 shares of the real estate investment trust’s stock valued at $5,924,000 after acquiring an additional 2,900 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in Rayonier by 70.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,935 shares of the real estate investment trust’s stock valued at $458,000 after acquiring an additional 6,613 shares during the period. Institutional investors and hedge funds own 83.38% of the company’s stock.

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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.

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