News headlines about Rayonier (NYSE:RYN) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rayonier earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
Shares of Rayonier (NYSE RYN) traded down 0.10% during mid-day trading on Friday, hitting $28.66. 237,258 shares of the company were exchanged. The company’s 50-day moving average price is $28.89 and its 200-day moving average price is $28.52. Rayonier has a 12-month low of $25.24 and a 12-month high of $29.86. The firm has a market capitalization of $3.68 billion, a P/E ratio of 24.14 and a beta of 0.35.
Rayonier (NYSE:RYN) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $151.50 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 47.4% on a year-over-year basis. Equities research analysts predict that Rayonier will post $0.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, September 14th. Rayonier’s payout ratio is 84.75%.
A number of research analysts have recently issued reports on the stock. Vertical Research upgraded shares of Rayonier to a “buy” rating in a research note on Sunday, May 28th. Zacks Investment Research upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 target price on shares of Rayonier in a research note on Monday, July 31st. BidaskClub cut shares of Rayonier from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $31.00 target price on shares of Rayonier in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Rayonier currently has an average rating of “Hold” and an average price target of $30.00.
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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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