Somewhat Positive Media Coverage Somewhat Unlikely to Impact Rayonier (RYN) Stock Price

News headlines about Rayonier (NYSE:RYN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rayonier earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.3340123448837 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

RYN has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “hold” rating and issued a $31.00 target price on shares of Rayonier in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Rayonier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating and set a $29.00 price objective on shares of Rayonier in a research note on Sunday, October 8th. Finally, BidaskClub upgraded shares of Rayonier from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.25.

Shares of Rayonier (RYN) traded down $0.08 during midday trading on Friday, hitting $31.17. 284,153 shares of the company were exchanged, compared to its average volume of 429,809. Rayonier has a fifty-two week low of $26.15 and a fifty-two week high of $31.82. The company has a current ratio of 1.74, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $4,010.00, a PE ratio of 29.41, a P/E/G ratio of 11.63 and a beta of 0.44.

Rayonier (NYSE:RYN) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. Rayonier had a net margin of 17.06% and a return on equity of 3.89%. The business had revenue of $177.90 million for the quarter, compared to analysts’ expectations of $144.06 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. analysts expect that Rayonier will post 0.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier’s dividend payout ratio is currently 94.34%.

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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.

Insider Buying and Selling by Quarter for Rayonier (NYSE:RYN)

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