Equities analysts predict that Rayonier Inc. (NYSE:RYN) will report $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Rayonier’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.09. Rayonier posted earnings of $0.31 per share during the same quarter last year, which would indicate a negative year over year growth rate of 64.5%. The business is scheduled to announce its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Rayonier will report full-year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts expect that the firm will report earnings of $0.60 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Rayonier.

Rayonier (NYSE:RYN) last announced its quarterly earnings results on Wednesday, February 6th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The company had revenue of $166.10 million during the quarter, compared to analyst estimates of $157.34 million. Rayonier had a net margin of 12.52% and a return on equity of 6.01%. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS.

Several research firms recently weighed in on RYN. Zacks Investment Research lowered shares of Rayonier from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets upgraded shares of Rayonier from an “underperform” rating to a “market perform” rating and set a $28.98 target price on the stock in a report on Friday, February 8th. TheStreet lowered shares of Rayonier from a “b” rating to a “c+” rating in a report on Thursday, February 7th. Raymond James set a $32.00 target price on shares of Rayonier and gave the company a “buy” rating in a report on Tuesday, January 8th. Finally, ValuEngine lowered shares of Rayonier from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.49.

Several large investors have recently bought and sold shares of RYN. Clean Yield Group purchased a new stake in Rayonier during the 4th quarter worth $31,000. Doyle Wealth Management purchased a new stake in Rayonier during the 4th quarter worth $50,000. Oregon Public Employees Retirement Fund increased its stake in Rayonier by 2,669.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,418,448 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,367,222 shares during the period. Pearl River Capital LLC purchased a new stake in Rayonier during the 4th quarter worth $81,000. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in Rayonier during the 4th quarter worth $89,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

Shares of NYSE:RYN traded down $0.07 during midday trading on Tuesday, hitting $29.99. 866,047 shares of the company’s stock traded hands, compared to its average volume of 643,225. The company has a current ratio of 3.27, a quick ratio of 3.02 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 11.50 and a beta of 0.68. Rayonier has a twelve month low of $26.30 and a twelve month high of $39.73.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.08 annualized dividend and a dividend yield of 3.60%. Rayonier’s payout ratio is 136.71%.

Rayonier Company Profile

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2018, Rayonier owned, leased or managed approximately 2.6 million acres of timberlands located in the U.S.

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