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

Media stories about Rayonier (NYSE:RYN) have been trending somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rayonier earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.6964291340573 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Rayonier (NYSE RYN) traded up $0.34 during midday trading on Friday, reaching $35.56. The company’s stock had a trading volume of 1,095,424 shares, compared to its average volume of 765,788. The stock has a market cap of $4,555.38, a PE ratio of 30.66, a PEG ratio of 10.82 and a beta of 0.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.68 and a quick ratio of 2.33. Rayonier has a fifty-two week low of $26.84 and a fifty-two week high of $35.94.

Rayonier (NYSE:RYN) last announced its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.11. The firm 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%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. equities analysts predict that Rayonier will post 0.65 EPS for the current fiscal year.

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, March 15th. Rayonier’s dividend payout ratio (DPR) is 86.21%.

Several equities analysts have weighed in on RYN shares. Royal Bank of Canada restated a “hold” rating and set a $30.00 price target on shares of Rayonier in a report on Friday, January 12th. Zacks Investment Research upgraded Rayonier from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, February 13th. Finally, Citigroup started coverage on Rayonier in a report on Thursday, March 1st. They set a “neutral” rating and a $37.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.25.

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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.

Insider Buying and Selling by Quarter for Rayonier (NYSE:RYN)

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