Rayonier Inc. (NYSE:RYN) Given Consensus Recommendation of “Hold” by Brokerages

Rayonier Inc. (NYSE:RYN) has earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.50.

A number of brokerages have recently weighed in on RYN. Citigroup reduced their price target on shares of Rayonier from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Truist Financial reduced their target price on Rayonier from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, January 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 price target on shares of Rayonier in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rayonier in a research report on Monday, December 29th.

Rayonier Trading Down 1.2%

NYSE RYN opened at $22.51 on Friday. Rayonier has a 12 month low of $21.06 and a 12 month high of $28.31. The stock has a 50-day simple moving average of $22.46 and a 200 day simple moving average of $23.92. The company has a current ratio of 3.44, a quick ratio of 3.39 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.63 billion, a PE ratio of 4.47 and a beta of 0.98.

Rayonier (NYSE:RYN) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $177.53 million for the quarter, compared to analysts’ expectations of $162.82 million. Rayonier had a return on equity of 4.74% and a net margin of 70.95%.The company’s revenue was up 43.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. Research analysts forecast that Rayonier will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hartford Financial Management Inc. bought a new position in Rayonier during the 3rd quarter worth about $31,000. Allworth Financial LP boosted its position in shares of Rayonier by 213.7% during the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 829 shares during the period. GAMMA Investing LLC boosted its position in shares of Rayonier by 138.9% during the third quarter. GAMMA Investing LLC now owns 1,696 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 986 shares during the period. Caldwell Trust Co bought a new position in shares of Rayonier during the second quarter worth about $39,000. Finally, Blue Trust Inc. raised its position in Rayonier by 55.5% in the 3rd quarter. Blue Trust Inc. now owns 1,913 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 683 shares during the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Rayonier Company Profile

Rayonier, Inc (NYSE: RYN) is a publicly traded real estate investment trust specializing in timberland ownership and management. The company’s core business revolves around sustainably growing, harvesting, and marketing timber and timber-related products. Rayonier’s timberland portfolio encompasses approximately 2.7 million acres across the United States and New Zealand, focusing on softwood and hardwood fiber for use in paper, packaging and building materials.

Rayonier operates through two primary segments: Timber and Real Estate Solutions.