In yesterday’s Wall Street session, Rayonier Inc. (NYSE:RYN) shares traded at $32.90, up 0.86% from the previous session.
As of this writing, 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 $32.62, this indicates a potential upside of 10.36 percent. RYN stock price is now -4.44% away from the 50-day moving average and -6.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.92B.
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There are 6 analysts who have given it a hold rating, whereas 0 have given it a buy rating. 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, NUNES DAVID L, Chief Executive Officer sold 16,454 shares of the company’s stock on Feb 01. The stock was sold for $608,810 at an average price of $37.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 74,901 shares in the company, valued at $2.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31, Chief Executive Officer NUNES DAVID L sold 7,178 shares of the business’s stock. A total of $258,420 was realized by selling the stock at an average price of $36.00. This leaves the insider owning 91,355 shares of the company worth $3.01 million. Insiders disposed of 147,006 shares of company stock worth roughly $4.84 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 $96,361,000. CI PRIVATE WEALTH, LLC invested $3,375,000 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 $3,294,000. ELEQUIN SECURITIES, LLC acquired a new stake in RYN for approximately $1,463,000. PACER ADVISORS, INC. purchased a new stake in RYN valued at around $1,124,000 in the second quarter. In total, there are 428 active investors with 87.30% ownership of the company’s stock.
Tuesday morning saw Rayonier Inc. (NYSE: RYN) opened at $33.22. 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 0.81, a current ratio of 2.10, and a quick ratio of 1.90. The fifty day moving average price for RYN is $34.42 and a two-hundred day moving average price translates $35.16 for the stock.
The latest earnings results from Rayonier Inc. (NYSE: RYN) was released for Dec, 2022. According to the REIT – Specialty Company, earnings per share came in at $0.11, missing analysts’ expectations of $0.12 by -0.01. This compares to $0.12 EPS in the same period last year. The net profit margin was 11.80% and return on equity was 5.80% for RYN. The company reported revenue of $245.4 million for the quarter, compared to $261.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.33 percent. For the current quarter, analysts expect RYN to generate $208M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/17/2023 were paid a $0.285 dividend. On an annualized basis, this represents a $1.14 dividend and a 3.47% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend. In terms of dividend payout ratio, RYN is presently at 153.60%.
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.
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