Rayonier (RYN) Getting Somewhat Favorable News Coverage, Study Finds

Headlines about Rayonier (NYSE:RYN) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog 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 0.20 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.600985593751 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Rayonier (NYSE RYN) traded up $0.05 on Wednesday, reaching $31.43. 338,062 shares of the company’s stock were exchanged, compared to its average volume of 530,227. 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 firm has a market capitalization of $4,050.00, a PE ratio of 29.65, a P/E/G ratio of 11.60 and a beta of 0.44. Rayonier has a one year low of $26.15 and a one year high of $31.82.

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

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 14th. Rayonier’s dividend payout ratio is presently 94.34%.

Several analysts recently commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $31.00 price objective 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. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $29.00 price objective on shares of Rayonier in a research note on Sunday, October 8th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.25.

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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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