Rayonier Inc. (NYSE:RYN) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.14, Bloomberg Earnings reports. Rayonier had a return on equity of 5.03% and a net margin of 19.10%. The firm had revenue of $177.90 million during the quarter, compared to the consensus estimate of $144.06 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, December 14th. Rayonier’s payout ratio is 84.75%.
RYN has been the subject of a number of research reports. Zacks Investment Research downgraded Rayonier from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub downgraded Rayonier from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of Rayonier in a research report on Monday, July 31st. Finally, BMO Capital Markets downgraded Rayonier from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research report on Monday, August 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Rayonier has a consensus rating of “Hold” and an average price target of $30.25.
ILLEGAL ACTIVITY WARNING: This story was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.com-unik.info/2017/11/02/rayonier-inc-ryn-issues-earnings-results.html.
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.
What are top analysts saying about Rayonier Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rayonier Inc. and related companies.