Shares of Rayonier Inc. (NYSE:RYN) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $35.67.

Separately, ValuEngine cut shares of Rayonier from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th.

Shares of Rayonier stock traded down $1.04 on Friday, hitting $30.73. The company had a trading volume of 639,092 shares, compared to its average volume of 398,231. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.87 and a quick ratio of 2.54. The stock has a market capitalization of $4.11 billion, a PE ratio of 47.28, a price-to-earnings-growth ratio of 7.88 and a beta of 0.47. Rayonier has a 52 week low of $29.27 and a 52 week high of $39.73.

Rayonier (NYSE:RYN) last posted its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.12. The business had revenue of $200.90 million during the quarter, compared to analysts’ expectations of $179.87 million. Rayonier had a net margin of 18.48% and a return on equity of 7.34%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts forecast that Rayonier will post 0.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, December 14th. Rayonier’s dividend payout ratio (DPR) is presently 166.15%.

Large investors have recently modified their holdings of the stock. Putnam Investments LLC bought a new stake in Rayonier during the second quarter worth approximately $3,399,000. Federated Investors Inc. PA boosted its holdings in Rayonier by 25.4% during the second quarter. Federated Investors Inc. PA now owns 100,899 shares of the real estate investment trust’s stock worth $3,904,000 after buying an additional 20,443 shares in the last quarter. BlackRock Inc. boosted its holdings in Rayonier by 4.5% during the second quarter. BlackRock Inc. now owns 13,594,331 shares of the real estate investment trust’s stock worth $525,964,000 after buying an additional 580,100 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in Rayonier during the second quarter worth approximately $228,000. Finally, American International Group Inc. boosted its holdings in Rayonier by 1.1% during the third quarter. American International Group Inc. now owns 263,156 shares of the real estate investment trust’s stock worth $8,897,000 after buying an additional 2,743 shares in the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Rayonier 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 September 30, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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