Rayonier (RYN) Receives Daily News Sentiment Rating of 0.06

Headlines about Rayonier (NYSE:RYN) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rayonier earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.6767223037918 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, March 13th. Citigroup assumed coverage on Rayonier in a report on Thursday, March 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Finally, Royal Bank of Canada restated a “hold” rating and issued a $30.00 price objective on shares of Rayonier in a report on Friday, January 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.25.

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Rayonier stock opened at $34.68 on Friday. The firm has a market capitalization of $4,617.34, a PE ratio of 29.90, a PEG ratio of 10.96 and a beta of 0.35. The company has a quick ratio of 2.33, a current ratio of 2.68 and a debt-to-equity ratio of 0.60. Rayonier has a 1-year low of $26.84 and a 1-year high of $36.31.

Rayonier (NYSE:RYN) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The company had revenue of $186.30 million during the quarter, compared to analysts’ expectations of $165.73 million. Rayonier had a return on equity of 4.96% and a net margin of 18.64%. Rayonier’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. sell-side analysts expect that Rayonier will post 0.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, March 15th. Rayonier’s payout ratio is 86.21%.

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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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