Media headlines about Rayonier (NYSE:RYN) have been trending somewhat positive on Friday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rayonier earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.1051141807084 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have commented on the stock. Vertical Research raised shares of Rayonier to a “buy” rating in a research report on Sunday, May 28th. BMO Capital Markets downgraded shares of Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 target price for the company. in a research report on Monday, August 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 target price on shares of Rayonier in a research report on Monday, July 31st. BidaskClub downgraded shares of Rayonier from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of Rayonier from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.00.
Shares of Rayonier (NYSE RYN) opened at 28.55 on Friday. The firm has a 50-day moving average of $28.57 and a 200 day moving average of $28.49. The company has a market capitalization of $3.67 billion, a P/E ratio of 24.05 and a beta of 0.35. Rayonier has a 52-week low of $25.24 and a 52-week high of $29.86.
Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $194.70 million for the quarter, compared to the consensus estimate of $151.50 million. During the same period last year, the company earned $0.07 earnings per share. The firm’s revenue was up 47.4% compared to the same quarter last year. On average, analysts anticipate that Rayonier will post $0.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. Rayonier’s dividend payout ratio (DPR) is presently 84.75%.
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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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