Rayonier (NYSE:RYN) Getting Somewhat Positive News Coverage, Study Finds
Media stories about Rayonier (NYSE:RYN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. 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 0.22 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.8554681775734 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Rayonier (NYSE RYN) opened at 28.66 on Friday. Rayonier has a 52-week low of $25.24 and a 52-week high of $29.86. The firm has a 50-day moving average price of $28.89 and a 200-day moving average price of $28.52. The stock 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 released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The firm had revenue of $194.70 million for the quarter, compared to analysts’ expectations of $151.50 million. Rayonier had a return on equity of 5.03% and a net margin of 19.10%. The company’s revenue was up 47.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. On average, analysts predict that Rayonier will post $0.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.49%. Rayonier’s payout ratio is 84.75%.
A number of brokerages recently commented on RYN. Zacks Investment Research upgraded Rayonier from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $28.00 price target on shares of Rayonier in a report on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and set a $31.00 price target on shares of Rayonier in a report on Wednesday, April 19th. BidaskClub lowered Rayonier from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Vertical Research upgraded Rayonier to a “buy” rating in a report on Sunday, May 28th. One 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 stock. Rayonier currently has a consensus rating of “Hold” and an average price target of $30.00.
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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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