Q1 2018 Earnings Forecast for Rayonier Inc. (RYN) Issued By DA Davidson

Rayonier Inc. (NYSE:RYN) – DA Davidson boosted their Q1 2018 earnings per share estimates for shares of Rayonier in a report released on Friday. DA Davidson analyst S. Chercover now anticipates that the real estate investment trust will earn $0.16 per share for the quarter, up from their previous estimate of $0.15. DA Davidson also issued estimates for Rayonier’s Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $0.74 EPS.

Rayonier (NYSE:RYN) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. Rayonier had a net margin of 18.64% and a return on equity of 4.96%. The business had revenue of $186.30 million for the quarter, compared to analysts’ expectations of $165.73 million. During the same period in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 22.9% on a year-over-year basis.

Several other research firms have also commented on RYN. Zacks Investment Research upgraded shares of Rayonier from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Monday, November 6th. 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. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $31.00 price objective on shares of Rayonier in a research report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Rayonier currently has a consensus rating of “Buy” and an average target price of $32.00.

Shares of Rayonier (NYSE RYN) opened at $31.50 on Monday. Rayonier has a 1 year low of $26.84 and a 1 year high of $33.65. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.60. The company has a market cap of $4,061.36, a PE ratio of 27.16, a P/E/G ratio of 11.61 and a beta of 0.38.

Hedge funds have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Rayonier by 5.7% during the 2nd quarter. State Street Corp now owns 3,451,153 shares of the real estate investment trust’s stock worth $99,289,000 after acquiring an additional 186,679 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Rayonier by 2.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 104,494 shares of the real estate investment trust’s stock worth $3,019,000 after acquiring an additional 2,288 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Rayonier by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 438,580 shares of the real estate investment trust’s stock worth $12,671,000 after acquiring an additional 14,980 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Rayonier by 59.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 166,332 shares of the real estate investment trust’s stock worth $4,805,000 after acquiring an additional 61,739 shares during the period. Finally, Stevens Capital Management LP purchased a new position in shares of Rayonier during the 3rd quarter worth about $1,039,000. Institutional investors and hedge funds own 83.53% 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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