Rayonier Inc. (RYN) Given Average Recommendation of “Buy” by Brokerages

Rayonier Inc. (NYSE:RYN) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.00.

A number of research firms recently weighed in on RYN. Royal Bank of Canada reiterated a “hold” rating and issued a $30.00 price objective on shares of Rayonier in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Monday, November 6th. Finally, BMO Capital Markets restated a “hold” rating and set a $31.00 target price on shares of Rayonier in a research report on Thursday, November 2nd.

Rayonier (NYSE:RYN) traded down $0.50 during trading hours on Friday, reaching $31.88. 880,627 shares of the company were exchanged, compared to its average volume of 520,472. Rayonier has a 1 year low of $26.84 and a 1 year high of $33.65. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62. The stock has a market cap of $4,110.00, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 11.95 and a beta of 0.43.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The firm had revenue of $177.90 million for the quarter, compared to analyst estimates of $144.06 million. During the same period last year, the firm posted $0.33 EPS. Rayonier’s quarterly revenue was up 3.8% on a year-over-year basis. equities research analysts anticipate that Rayonier will post 0.54 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its position in shares of Rayonier by 14.6% during the 4th quarter. American Century Companies Inc. now owns 769,986 shares of the real estate investment trust’s stock worth $24,355,000 after purchasing an additional 97,897 shares in the last quarter. Aperio Group LLC boosted its position in shares of Rayonier by 76.3% during the 4th quarter. Aperio Group LLC now owns 50,130 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 21,688 shares in the last quarter. Telemus Capital LLC purchased a new stake in shares of Rayonier during the 4th quarter worth $784,000. Parametrica Management Ltd purchased a new stake in shares of Rayonier during the 4th quarter worth $252,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Rayonier by 46.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,001 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 2,229 shares in the last quarter. Institutional investors own 83.54% 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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