Rayonier Inc. (NYSE:RYN) shares traded 2.50% higher at $34.85 on Wall Street last session.
In accordance with the data, 6 analysts cover Rayonier Inc. (NYSE:RYN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $39.00 and a low of $35.00, we find $36.00. Given the previous closing price of $34.00, this indicates a potential upside of 5.88 percent. RYN stock price is now 0.74% away from the 50-day moving average and -4.31% away from the 200-day moving average. The market capitalization of the company currently stands at $4.98B.
It has been rated a hold by 6 analysts and a buy by 0. Brokers who have rated the stock have averaged $36.67 as their price target over the next twelve months.
On August 10, 2020, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $31, while ‘DA Davidson’ rates the stock as ‘Buy’.
In other news, Pyatt Shelby L, VP, Human Resources and IT sold 1,566 shares of the company’s stock on Dec 15. The stock was sold for $53,917 at an average price of $34.43. Upon completion of the transaction, the VP, Human Resources and IT now directly owns 37,307 shares in the company, valued at $1.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, SVP, Chief Financial Officer McHugh Mark sold 7,470 shares of the business’s stock. A total of $283,860 was realized by selling the stock at an average price of $38.00. This leaves the insider owning 94,177 shares of the company worth $3.28 million. Insiders disposed of 104,074 shares of company stock worth roughly $3.63 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RYN stock. A new stake in Rayonier Inc. shares was purchased by FARMER STEVEN PATRICK during the first quarter worth $102,072,000. DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT invested $12,407,000 in shares of RYN during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Rayonier Inc. valued at approximately $3,489,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in RYN for approximately $2,766,000. CORECOMMODITY MANAGEMENT, LLC purchased a new stake in RYN valued at around $2,652,000 in the second quarter. In total, there are 431 active investors with 87.30% ownership of the company’s stock.
Rayonier Inc. (NYSE: RYN) opened at $33.95 on Friday. During the past 12 months, Rayonier Inc. has had a low of $29.51 and a high of $45.87. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 3.20, and a quick ratio of 2.90. The fifty day moving average price for RYN is $34.61 and a two-hundred day moving average price translates $36.38 for the stock.
The latest earnings results from Rayonier Inc. (NYSE: RYN) was released for Jun, 2022. According to the REIT – Specialty Company, earnings per share came in at $0.16, inline with analysts’ expectations of $0.16. This compares to $0.78 EPS in the same period last year. The net profit margin was 8.90% and return on equity was 4.60% for RYN. The company reported revenue of $195.29 million for the quarter, compared to $364.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.46 percent. For the current quarter, analysts expect RYN to generate $225.57M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/16/2022 were paid a $0.285 dividend. On an annualized basis, this represents a $1.14 dividend and a 3.27% percent yield. There was an ex-dividend date of 12/15/2022 for this dividend. In terms of dividend payout ratio, RYN is presently at 195.70%.
Rayonier Inc.(RYN) Company Profile
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a look-through basis, the Company’s ownership in the timber fund business equates to approximately 17,000 acres.